Brean Murray Carret & Co. Cuts Estimates on DIRECTV (DTV); Concerns on Slowing Subscriber Growth
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Price: $63.74 -0.28%
Rating Summary:
9 Buy, 10 Hold, 1 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
9 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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Brean Murray Carret & Co. maintains a 'Buy' on DIRECTV (NASDAQ: DTV) price target of $57.00.
Analyst, Todd Mitchell, said, DTV has continued to show signs of slowing U.S. subscriber growth momentum and pressure on Latin American margins. Mitchell is lowering estimates as he expects DTV to report net sub losses in Q2. The Brean analyst now sees net adds of 350,000 (from 400,000).
Mitchell said, "...we are lowering our 2Q12 and 2012 estimates for revenue, EBITDA and EPS. Nevertheless, we continue to believe that DirecTV will continue to generate an industry leading 9% revenue growth, and with buybacks, 20%+ EPS growth."
For an analyst ratings summary and ratings history on DIRECTV click here. For more ratings news on DIRECTV click here.
Shares of DIRECTV closed at $48.82 yesterday, with a 52 week range of $39.82-$53.40.
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Analyst, Todd Mitchell, said, DTV has continued to show signs of slowing U.S. subscriber growth momentum and pressure on Latin American margins. Mitchell is lowering estimates as he expects DTV to report net sub losses in Q2. The Brean analyst now sees net adds of 350,000 (from 400,000).
Mitchell said, "...we are lowering our 2Q12 and 2012 estimates for revenue, EBITDA and EPS. Nevertheless, we continue to believe that DirecTV will continue to generate an industry leading 9% revenue growth, and with buybacks, 20%+ EPS growth."
For an analyst ratings summary and ratings history on DIRECTV click here. For more ratings news on DIRECTV click here.
Shares of DIRECTV closed at $48.82 yesterday, with a 52 week range of $39.82-$53.40.
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