Netflix (NFLX) Guidance Bodes Well for Pay TV Video Providers Comcast, Time Warner Cable, DirecTV (CMCSA) (TWC) (DTV)
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Rating Summary:
15 Buy, 18 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
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Deutsche Bank's Doug Mitchelson is commenting following news of lowered Q3 domestic subscribers guidance from Netflix (Nasdaq: NFLX) Thursday morning.
While the analyst kept estimates on Netflix unchanged, Mitchelson revised Q3 pay TV video subscribers from down 43,000 to about unchanged. "The juxtaposition of declining Netflix subs and improving Pay TV sub trends should further ease cord cutting fears, a benefit to both Pay TV and Entertainment stocks."
The firm now sees Comcast (Nasdaq: CMCSA) losing about 220,000 video subscribers during the quarter, up from a prior estimate of a 235,000 subscriber loss. For Time Warner Cable (NYSE: TWC), Deutsche Bank now expects the company to post net subscriber losses of 150,000, up from a loss of 175,000 previously. Finally, for DirecTV (NYSE: DTV), the firm is looking for net adds of 165,000, up 41,000 from the prior estimate.
Deutsche Bank currently has Buy ratings on Comcast, Time Warner Cable and DirecTV.
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While the analyst kept estimates on Netflix unchanged, Mitchelson revised Q3 pay TV video subscribers from down 43,000 to about unchanged. "The juxtaposition of declining Netflix subs and improving Pay TV sub trends should further ease cord cutting fears, a benefit to both Pay TV and Entertainment stocks."
The firm now sees Comcast (Nasdaq: CMCSA) losing about 220,000 video subscribers during the quarter, up from a prior estimate of a 235,000 subscriber loss. For Time Warner Cable (NYSE: TWC), Deutsche Bank now expects the company to post net subscriber losses of 150,000, up from a loss of 175,000 previously. Finally, for DirecTV (NYSE: DTV), the firm is looking for net adds of 165,000, up 41,000 from the prior estimate.
Deutsche Bank currently has Buy ratings on Comcast, Time Warner Cable and DirecTV.
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