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RCS MediaGroup S.p.A. (RCS.MI)

Milan - Milan Delayed price. Currency in EUR
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0.6670+0.0150 (+2.30%)
At close: 5:35PM CEST
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Previous close0.6520
Open0.6500
Bid0.6560 x 0
Ask0.6800 x 0
Day's range0.6500 - 0.6770
52-week range0.4500 - 0.8000
Volume305,934
Avg. volume354,487
Market cap345.095M
Beta (5Y monthly)1.38
PE ratio (TTM)8.78
EPS (TTM)0.0760
Earnings date29 Jul 2021 - 02 Aug 2021
Forward dividend & yield0.03 (4.50%)
Ex-dividend date17 May 2021
1y target est1.57
  • RCS says no risk provisions needed for Blackstone property dispute
    Reuters

    RCS says no risk provisions needed for Blackstone property dispute

    The board of RCS MediaGroup decided on Friday not to set aside provisions for legal risks related to the litigation with Blackstone over the sale of the Italian publisher's headquarters in central Milan. "Having obtained updated valuations of its legal advisors, (RCS) has decided that the conditions for the recording of provisions for risks do not exist," the company said in its first-half results statement. Last month, Blackstone requested a court in New York to merge two lawsuits related to the disputed property sale, while seeking damages for more than $600 million from the Italian company.

  • Reuters

    Shares in Italy's RCS, controlling firm fall after tribunal ruling

    MILAN (Reuters) -Shares in Italian publisher RCS and its controlling investor Italy's Cairo Communication fell on Monday after an arbitration tribunal ruled in favour of Blackstone over the disputed sale of the RCS headquarters. RCS launched arbitration proceedings in late 2018 to nullify the 2013 sale of its historic headquarters in central Milan to Blackstone, saying the U.S. investment firm had paid too low a price at a time when RCS faced financial difficulties. The Milan tribunal rejected all claims advanced by RCS on Friday, a court document seen by Reuters showed.