Canaccord Genuity Maintains a 'Buy' on DIRECTV (DTV); Shares Look Cheap
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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, "Despite recent gains, DTV has underperformed its peer group (over the past 52 weeks) owing we believe to concerns that DTV does not have a competitive business model long term. Prospects for subscriber losses in Q2/12 at the US division have exacerbated this concern...Regardless of the strategic merit, we believe the Street now firmly expects sub losses in Q2. In
today’s note, we are formally revising down our sub adds. That said, we are increasing our DTV US OCF and increasing DTV Latam sub net adds."
"In US, for Q2/12 and for 2012, we are reducing subs adds but increasing OPBDA. For LatAm, in both periods, we are increasing subs but slightly lowering FCF."
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 $46.40 yesterday.
Analyst, Thomas Eagan, said, "Despite recent gains, DTV has underperformed its peer group (over the past 52 weeks) owing we believe to concerns that DTV does not have a competitive business model long term. Prospects for subscriber losses in Q2/12 at the US division have exacerbated this concern...Regardless of the strategic merit, we believe the Street now firmly expects sub losses in Q2. In
today’s note, we are formally revising down our sub adds. That said, we are increasing our DTV US OCF and increasing DTV Latam sub net adds."
"In US, for Q2/12 and for 2012, we are reducing subs adds but increasing OPBDA. For LatAm, in both periods, we are increasing subs but slightly lowering FCF."
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 $46.40 yesterday.
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