0305 GMT - Southern Cross Media's surging digital-audio revenue catches the eye of its bulls at Canaccord Genuity. Canaccord's analysts think that Southern Cross's 48% on year growth in its September-quarter digital-audio revenue has probably helped the Australian media group increase its share of audio revenue to 11% from 8%. Continued growth in digital could deliver a meaningful increase to overall group revenue, they tell clients in a note. Canaccord Genuity keeps a buy rating and A$0.96 target price on the stock, which is up 1.0% at A$0.52. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 03, 2024 22:05 ET (03:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.