RTL Group (OTCMKTS:RGLXY) Shares Down 6.8% – Here’s Why

RTL Group S.A. (OTCMKTS:RGLXY) shares were down 6.8% during mid-day trading on Tuesday . The stock traded as low as $3.95 and last traded at $3.95. Approximately 148 shares changed hands during trading, a decline of 74% from the average daily volume of 574 shares. The stock had previously closed at $4.24.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of RTL Group in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

RTL Group Price Performance

The firm has a 50-day moving average price of $3.73 and a 200-day moving average price of $3.93.

RTL Group Company Profile

RTL Group is a leading European entertainment network headquartered in Luxembourg, specializing in broadcasting, content production and digital streaming services. The company operates a broad portfolio of free-to-air and pay-TV channels across key European markets, including RTL in Germany, M6 in France, RTL Belgium, RTL Nederland, RTL Croatia, and RTL Hungary. It also maintains a diverse radio division, offering local radio stations in Belgium, Germany and Luxembourg, supported by an integrated advertising sales network.

In addition to its core broadcasting activities, RTL Group encompasses Fremantle, one of the world’s largest content production and distribution companies.