Canaccord Genuity Reiterates a 'Buy' on DIRECTV (DTV); Buying Ahead of LatAm Investor Day
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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: 15 | New: 40
Rating Summary:
5 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on DIRECTV (NASDAQ: DTV) price target of $68.00.
Analyst, Thomas Eagan, said, "We believe DTV has consistently generated the best balance of subscriber and OCF growth. Even during the nadir of the housing crises and recession, DTV net adds exceeded those of its peers. The company is also engaged in the most aggressive share repurchase plans (35% of the shares since 2008), which we expect will continue with a $6bn repurchase in 2012. Following downgrades by several sell-side competitors, DTV’s multiple trails its peers. We expect Q1/12 results will mitigate those concerns."
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 $48.20 yesterday.
Analyst, Thomas Eagan, said, "We believe DTV has consistently generated the best balance of subscriber and OCF growth. Even during the nadir of the housing crises and recession, DTV net adds exceeded those of its peers. The company is also engaged in the most aggressive share repurchase plans (35% of the shares since 2008), which we expect will continue with a $6bn repurchase in 2012. Following downgrades by several sell-side competitors, DTV’s multiple trails its peers. We expect Q1/12 results will mitigate those concerns."
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 $48.20 yesterday.
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