Sky: Liberum raises estimates, maintains 'hold' rating.
(CercleFinance.com) - Liberum reiterates its "hold" rating on Sky and raises its estimates on the British pay-TV group to take into account the group's recent results and its cost-saving initiatives.
The brokerage firm still thinks that the stock's main driver continues to be the Fox bid and maintains its view that the bid will eventually succeed, despite the political considerations.
Its target price of 1,060 pence is, incidentally, based on Fox's bid price.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The brokerage firm still thinks that the stock's main driver continues to be the Fox bid and maintains its view that the bid will eventually succeed, despite the political considerations.
Its target price of 1,060 pence is, incidentally, based on Fox's bid price.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.