Goldman Sachs Downgrades DIRECTV (DTV) to Neutral
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Price: $58.01 --0%
Rating Summary:
5 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
5 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
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Goldman Sachs downgraded DIRECTV (NASDAQ: DTV) from Buy to Neutral with a price target of $52 (down from $56).
The firm said the U.S. deceleration offsets LatAm and buybacks. In the U.S., the firm now forecast revenue growth deceleration from 7.9% entering 2011 to 5.4% exiting the year
The firm cut 2012 revenue/EBITDA estimates to $29.2bn/$7.8bn. 2011E/2012E/2013E EPS are now $3.36/$4.20/$4.99, lowered US revenue/EBITDA forecasts are offset by lower D&A.
For more ratings news on DIRECTV click here and for the rating history of DIRECTV click here.
Shares of DIRECTV closed at $46.63 yesterday.
The firm said the U.S. deceleration offsets LatAm and buybacks. In the U.S., the firm now forecast revenue growth deceleration from 7.9% entering 2011 to 5.4% exiting the year
The firm cut 2012 revenue/EBITDA estimates to $29.2bn/$7.8bn. 2011E/2012E/2013E EPS are now $3.36/$4.20/$4.99, lowered US revenue/EBITDA forecasts are offset by lower D&A.
For more ratings news on DIRECTV click here and for the rating history of DIRECTV click here.
Shares of DIRECTV closed at $46.63 yesterday.
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