British Sky Broadcasting Group Given “Underperform” Rating at Bank of America Corp. (BSY)
British Sky Broadcasting Group (LON:BSY)‘s stock had its “underperform” rating reaffirmed by equities researchers at Bank of America Corp. in a research report issued on Monday, AnalystRatings.NET reports. They currently have a GBX 680 ($10.91) price target on the stock. Bank of America Corp.’s target price would suggest a potential downside of 22.55% from the stock’s previous close.
British Sky Broadcasting Group (LON:BSY) opened at 881.4999 on Monday. British Sky Broadcasting Group has a 52-week low of GBX 703.75 and a 52-week high of GBX 905.50. The stock has a 50-day moving average of GBX 844.7 and a 200-day moving average of GBX 834.9. The company’s market cap is £13.866 billion.
A number of other firms have also recently commented on BSY. Analysts at Nomura reiterated a “buy” rating on shares of British Sky Broadcasting Group in a research note to investors on Monday. They now have a GBX 975 ($15.64) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “underperform” rating on shares of British Sky Broadcasting Group in a research note to investors on Friday. They now have a GBX 700 ($11.23) price target on the stock. Finally, analysts at AlphaValue downgraded shares of British Sky Broadcasting Group to an “add” rating in a research note to investors on Thursday. They now have a GBX 1,029 ($16.51) price target on the stock. Six analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 875.03 ($14.04).
British Sky Broadcasting Group plc (LON:BSY) and its subsidiaries operates multichannel, multiplatform pay television service in the United Kingdom and Ireland.
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