Canaccord Genuity Maintains a 'Buy' on DIRECTV (DTV); Q1: Best Overall Balance
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Price: $58.01 --0%
Rating Summary:
5 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on DIRECTV (NASDAQ: DTV) price target of $68.00.
Analyst, Thomas Eagan, said, "DTV recovered Tuesday afternoon following the earnings call and ended the day up mildly. We interpret the pullback (following the largely positive results) as reflecting both “selling on the news” as well as concern about 2Q12 DTV US net adds. With the prospects for 2Q12 US sub losses now more fully in the stock price, we believe there’s less risk to the shares. Overall, we continue to believe that the company will deliver the best balance of customer and OCF growth among our PayTV names while also leading in share repurchases. DTV trades at 4.9x 2012E US OCF, below its cable peers from 5.5x to 6.2x."
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 $48.03 yesterday.
Analyst, Thomas Eagan, said, "DTV recovered Tuesday afternoon following the earnings call and ended the day up mildly. We interpret the pullback (following the largely positive results) as reflecting both “selling on the news” as well as concern about 2Q12 DTV US net adds. With the prospects for 2Q12 US sub losses now more fully in the stock price, we believe there’s less risk to the shares. Overall, we continue to believe that the company will deliver the best balance of customer and OCF growth among our PayTV names while also leading in share repurchases. DTV trades at 4.9x 2012E US OCF, below its cable peers from 5.5x to 6.2x."
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 $48.03 yesterday.
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