A media stock that's up 163% in a year - what's there not to like?
But analysts aren't buying into Sanoma's turnaround as they don't see how it can generate growth needed to support level of its share price
Helsinki
EUROPE'S best-performing media stock is also among the least liked by analysts. Finland's Sanoma Oyj has more than doubled in value in the past year, helped by a return to profit after five quarters of losses.
The Helsinki-based company has cut jobs, assets and costs. Still, analysts aren't buying into the turnaround - just one out of the eight who follow Sanoma recommend purchasing the shares.
Their beef: Analysts don't see how the company can generate the growth needed to support the stock price at these levels.
While Sanoma will sustain its earnings improvement next year, it "won't prob…
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