Canaccord Genuity Maintains a 'Buy' on DIRECTV (DTV); Bear Food
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Price: $58.01 --0%
Rating Summary:
5 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
5 Buy, 22 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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Canaccord Genuity maintains a 'Buy' on DIRECTV (NASDAQ: DTV) price target of $68.00.
Analyst, Thomas Eagan, said, "DTV 2Q12 results fed the bears’ concerns with greater US sub losses and declining LatAm OPBDA growth. If it were only so simple. Fortunately for DTV holders, we expect US 3Q12 sub adds will more than offset 2Q’s losses and LatAm 2H12 OPBDA margin will improve. And although DTV’s results were messier than we expected, we believe they are still positioned to generate the best balance of overall customer and OCF growth – all while repurchasing 15-17% of shares per year and trading at a discount to their cable peers (5.0x vs mid 6’s)."
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 $48.80 yesterday.
Analyst, Thomas Eagan, said, "DTV 2Q12 results fed the bears’ concerns with greater US sub losses and declining LatAm OPBDA growth. If it were only so simple. Fortunately for DTV holders, we expect US 3Q12 sub adds will more than offset 2Q’s losses and LatAm 2H12 OPBDA margin will improve. And although DTV’s results were messier than we expected, we believe they are still positioned to generate the best balance of overall customer and OCF growth – all while repurchasing 15-17% of shares per year and trading at a discount to their cable peers (5.0x vs mid 6’s)."
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 $48.80 yesterday.
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