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Home / Companies / News / UBS downgrades Zee Entertainment, shares fall

UBS downgrades Zee Entertainment, shares fall

Cites expectations of bigger losses from sports-related TV channels in FY14 as well as increased losses from new investments in channels

Reuters Mumbai
Last Updated : Mar 05 2013 | 3:43 PM IST
Shares in Zee Entertainment Enterprises Ltd fell 2% after UBS downgrades the stock to "sell" from "buy" and reduces its target price to Rs 200 from Rs 245.

UBS cites expectations of bigger losses from sports-related TV channels in FY14 as well as increased losses from new investments in channels. 

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First Published: Mar 05 2013 | 3:42 PM IST

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