Canaccord Genuity Maintains a 'Buy' on Virgin Media (VMED); Solid Start to 2012
Tweet
Share
E-mailGet Alerts VMED Hot Sheet
Price: $51.00 --0%
Rating Summary:
2 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
2 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Canaccord Genuity maintains a 'Buy' on Virgin Media (NASDAQ: VMED) price target of $33.00.
Analyst, Thomas Eagan, said, "While some higher churn is expected after the April rate increase and due to Q2 seasonality, it would appear from management comments that this concern is overdone. Additionally, we believe that the concern that OTT services (presumably, YouView, after it is finally launched) will dismantle the company’s video service, is also overdone. To us, SKY’s existence as a major programmer (and PayTV operator) incents them to maintain a healthy PayTV ecosystem. Also, given the already large reservoir of Freeview-only viewers, it’s not clear that the arrival of YouView will unleash significant demand."
For an analyst ratings summary and ratings history on Virgin Media click here. For more ratings news on Virgin Media click here.
Shares of Virgin Media closed at $24.17 yesterday.
Analyst, Thomas Eagan, said, "While some higher churn is expected after the April rate increase and due to Q2 seasonality, it would appear from management comments that this concern is overdone. Additionally, we believe that the concern that OTT services (presumably, YouView, after it is finally launched) will dismantle the company’s video service, is also overdone. To us, SKY’s existence as a major programmer (and PayTV operator) incents them to maintain a healthy PayTV ecosystem. Also, given the already large reservoir of Freeview-only viewers, it’s not clear that the arrival of YouView will unleash significant demand."
For an analyst ratings summary and ratings history on Virgin Media click here. For more ratings news on Virgin Media click here.
Shares of Virgin Media closed at $24.17 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- Meta Platforms Inc. (META) PT Lowered to $575 at UBS, 'shares are offering a 3-to-1 skew'
- Teradyne (TER) PT Raised to $125 at TD Cowen
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
