Previously known as Antena 3 de Television SA, the Spanish broadcaster Atresmedia Corporacion de Medios de Comunicacion SA (BME:A3M) is bucking the trend of malaise among European stocks at the moment. The Madrid-listed multi-media play is up over 20% in the last three months, which have been a tough three months to get an upwards share price performance from.
Atresmedia has a market cap of GBP 714m approximately, and has shown some short term volatility when we look back over the 90 day picture, but it has rallied impressively from €3.23 in mid-December, and the 50-day moving average is pointing towards more to come.
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