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

Published on 11/05/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RTL Group stock faces a maintained Sell rating from J.P. Morgan ahead of its next results. The latest quarter showed higher revenue and profit.

Analyst caution before results

J.P. Morgan maintained a Sell rating on RTL Group.
The latest reported quarter showed higher revenue and net profit than a year earlier.

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J.P. Morgan has maintained its Sell rating on RTL Group ahead of the company's next financial update. Analyst Daniel Kerven set a price target of 28 euros, according to Markets Insider in a report published on Wednesday, November 4, 2026.

Rating remains below consensus

The bank's stance is more cautious than the broader analyst view cited by TipRanks, which points to a Hold consensus and an average price target of 32.50 euros. The gap highlights the different assumptions analysts are applying to RTL Group's earnings recovery and business transition.

Markets Insider said RTL Group reported quarterly revenue of 1.45 billion euros and net profit of 22.5 million euros for the quarter ended June 30. A year earlier, revenue was 1.39 billion euros and net profit was 15.5 million euros.

Streaming and integration stay central

RTL Group is combining traditional television operations with streaming, content and digital activities across Europe. Investors are weighing the improvement in recent quarterly results against the execution demands of the Sky Deutschland integration and the need to make streaming growth sustainably profitable.

The next company-specific checkpoint will be the group's third-quarter update scheduled for November 17, 2026. That release should provide a fresh view of advertising conditions, streaming profitability and the early financial effects of the Sky combination.