Modern Times Group traded at 131.60 this Wednesday August 5th, decreasing 1.40 or 1.05 percent since the previous trading session. Looking back, over the last four weeks, Modern Times lost 6.56 percent. Over the last 12 months, its price rose by 29.02 percent. Looking ahead, we forecast Modern Times Group to be priced at 127.35 by the end of this quarter and at 118.07 in one year, according to Trading Economics global macro models projections and analysts expectations.
Modern Times Group MTG AB is a Sweden-based entertainment company. The Company operates in two segments: Esport and Gaming. The Esport segment is made up of ESL, Dreamhack and MTG VC-fund’s investments in esport related companies. Through ESL and Dreamhack,the Company operates national and international tournaments as well as grassroots amatuer cups, leagues and festivals. The Gaming segment is made up of InnoGames, Kongregate and MTG VC-fund’s investment in gaming-related companies. InnoGames is publisher of mobile and on-line games. InnoGames’ complete portfolio encompasses seven live games and several mobile titles in production. InnoGames is focused on the free-to-play segment and provides players with a cross-platform experience on PC and mobile devices. Kongregate is mobile game publisher and developer. The Company operates worldwide.