Key Points
Zees share price gained 2.1% intraday as analysts were positive on the stock..
Despite the setbacks for Zee Entertainment Enterprises, a lot of analysts are issuing a buy call on the scrip...
Zee Entertainment Enterprises share price added 2.1% in early trade on Friday even as the entertainment player swung into consolidated net loss of Rs 196 crore in the fiscal fourth quarter, compared to a net profit of Rs 182 crore for the same period previous year..
Should you buy, sell or hold Zee Entertainment Enterprises stock?..
We cut our EPS estimates for Zee Entertainment Enterprises by ~21% odd over FY24E/FY25E as 1) widening losses in ZEE5 (EBITDA loss has increased from Rs7,534mn in FY22 to Rs 11,050 million in FY23) 2) entry into sports and 3) sluggish recovery in ad-environment is likely to dent profitability in near term..
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