Gabelli Downgrades TiVo (TIVO) to Hold Following Announced Settlement
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Price: $6.09 --0%
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Gabelli downgraded TiVo (NASDAQ: TIVO) from Buy to Hold.
Gabelli analyst says, "We are lowering our recommendation from BUY to HOLD, following the announced settlement. We estimate a total PMV of $10.50 per share: $5.00 for the core business, $1.70 per share in presettlement net cash and $3.80 in total settlement value. While there is likely incremental value in T & VZ litigation, we expect monetization to be meaured in the medium term."
For more ratings news on TiVo click here and for the rating history of TiVo click here.
Shares of TiVo closed at $9.86 yesterday.
Gabelli analyst says, "We are lowering our recommendation from BUY to HOLD, following the announced settlement. We estimate a total PMV of $10.50 per share: $5.00 for the core business, $1.70 per share in presettlement net cash and $3.80 in total settlement value. While there is likely incremental value in T & VZ litigation, we expect monetization to be meaured in the medium term."
For more ratings news on TiVo click here and for the rating history of TiVo click here.
Shares of TiVo closed at $9.86 yesterday.
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