RTL Group stock: J.P. Morgan keeps Sell rating at EUR 28

Published on 11/05/2026 at 11:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RTL Group stock faces a cautious view from J.P. Morgan ahead of its next quarterly update. The company delivered stronger quarterly revenue and profit than a year earlier.

Analyst caution meets stronger quarterly results

J.P. Morgan retained a Sell rating while the broader analyst consensus remained Hold.
RTL Group increased quarterly revenue and net profit from the prior-year period.

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J.P. Morgan kept its Sell rating on RTL Group and set a EUR 28.00 price target in a report released on Wednesday, November 4, according to Markets Insider. The rating leaves the investment bank more cautious than the wider analyst view, which the report described as Hold with an average target of EUR 32.50.

Rating caution contrasts with earnings growth

The report also cited RTL Group's latest quarterly figures for the period ended June 30. Revenue rose to EUR 1.45 billion from EUR 1.39 billion in the comparable period, while net profit increased to EUR 22.5 million from EUR 15.5 million. The improvement provides a stronger earnings backdrop, but J.P. Morgan's target indicates that the broker continues to see downside risk in the shares.

RTL Group operates television, streaming, content and digital businesses across Europe. Its investor-relations overview says the group owns or has interests in 86 television channels, seven streaming services and 42 radio stations, with RTL+ and WOW among its streaming offerings in Germany. The business mix gives investors exposure to both established broadcast operations and the effort to build profitable digital media services.

RTL Group stock traded at 33.25 euros on Lang & Schwarz at 10:49 CET on Thursday, November 5, 2026, 1.06 percent above the Xetra close of Wednesday, November 4. The share price was below J.P. Morgan's target by EUR 5.25, while the broader consensus target stood above the market quote.

For investors, the broader European market backdrop can be followed through current market reports.

RTL Group's earnings growth now has to be weighed against the broker's cautious valuation view and the execution demands of its streaming strategy. More news and analyses on RTL Group stock provide further coverage of the company and its shares.