Ten Network (TEN) Shares Recommendation

Ten (TEN) have a retained Neutral shares recommendation from stock analyst Macquarie Research Equities (MRE) The analyst continue to believe that TEN will ultimately be acquired, but the price has a chance of disappointing investors looking for a substantial offer premium to the current share price. They struggle to obtain valuations to justify the current share price. Asper family's CanWest has announced it was exploring a range of opportunities for its Ten stake. Ten Network Holdings (TEN) and CanWest (which has a 56.41% economic interest in TEN announced that any acquirer of the CanWest convertible debentures will be required to make an offer on fundamentally equivalent terms for the ASX-listed shares in Ten Network Holdings.

Ten Network Holdings Limited is listed on the Australian Stock Exchange (ASX) under stock code TEN. You can view their investor website here. TEN was listed on the ASX on 31 March, 1998. Nick Falloon is the Chairman for Ten Network. Ten Network Holdings is principally involved in its investment in Ten Group Pty Ltd and controlled entities which operate commercial television licences TEN10 (Sydney), ATV-10 (Melbourne), TVQ-10 (Brisbane), ADS-10 (Adelaide) and NEW-10 (Perth). Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!