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
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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.
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