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UBS downgrades Zee Entertainment; shares fall
March 5, 2013 / 8:57 AM / 5 years ago

UBS downgrades Zee Entertainment; shares fall

Reuters Market Eye - Shares in Zee Entertainment Enterprises Ltd (ZEE.NS) fall 2 percent after UBS downgrades the stock to “sell” from “buy” and reduces its target price to 200 rupees from 245.

    UBS cites expectations of bigger losses from sports-related TV channels in fiscal 2013/14 as well as increased losses from new investments in channels.

    Reporting by Abhishek Vishnoi

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