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Notorious Pictures, Intermonte launches coverage with a target of 1.8 euros

MILAN (AIMnews.it) - Intermonte started coverage on Notorious Pictures with an Outperform recommendation and a target price of 1.80 euros. "The media sector is undergoing an epochal transformation, driven by digital innovation - analysts write - Notorious has entered the production sector to ride the positive trend of the media market and benefit from public support. The company recorded a solid + 39% in terms of revenues, with the launch of 18 films, of which two of their own productions and a growth of 57% of the ebitda that could reach 10.5 million by 2020. In addition, the Executive production of international films and TV series represents a great opportunity that could lead Notorious to exceed estimates". In detail, the film production and distribution group, in Intermonte estimates, should realise 25.2 million of production value this year, with 9.5 of ebitda and 3.1 of net profit, while for 2019 the expectations are of 26.9 million of production value, 10 of ebitda and 4.4 of net profit.

16/04/2018