Brean Murray Carret & Co. Maintains a 'Buy' on TiVo (TIVO); Virgin Media (VMED) Reports Continued TiVo Uptake
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Price: $6.09 --0%
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Brean Murray Carret & Co. maintains a 'Buy' on TiVo (NASDAQ: TIVO) price target of $14.00.
Brean analyst says, "This morning, Virgin Media (U.K. Cable Company) (Nasdaq: VMED) reported accelerated TiVo growth...This is a positive datapoint for TiVo. A return to positive sub growth underpins our positive event path for TiVo, and the strong push from Virgin has been a key component of this. Virgins 273,000 net adds in the quarter are stronger than expected. We had been forecasting 185,000 net adds from Virgin for the quarter, and a total of just 223,000 licensed net adds. We believe this accelerated uptake should give investors more confidence that TiVo will get all of Virgin’s 4 million subscribers, as current 435,1000 subs imply just 12% penetration."
For an analyst ratings summary and ratings history on TiVo click here. For more ratings news on TiVo click here.
Shares of TiVo closed at $11.77 yesterday.
Brean analyst says, "This morning, Virgin Media (U.K. Cable Company) (Nasdaq: VMED) reported accelerated TiVo growth...This is a positive datapoint for TiVo. A return to positive sub growth underpins our positive event path for TiVo, and the strong push from Virgin has been a key component of this. Virgins 273,000 net adds in the quarter are stronger than expected. We had been forecasting 185,000 net adds from Virgin for the quarter, and a total of just 223,000 licensed net adds. We believe this accelerated uptake should give investors more confidence that TiVo will get all of Virgin’s 4 million subscribers, as current 435,1000 subs imply just 12% penetration."
For an analyst ratings summary and ratings history on TiVo click here. For more ratings news on TiVo click here.
Shares of TiVo closed at $11.77 yesterday.
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