Directv Stock Rating Lowered by Wunderlich (DTV)
Directv (NYSE:DTV) was downgraded by research analysts at Wunderlich from a “buy” rating to a “hold” rating in a report released on Monday, TheFlyOnTheWall.com reports. They currently have a $95.00 price objective on the stock, down from their previous price objective of $97.00. Wunderlich’s target price indicates a potential upside of 10.23% from the company’s current price.
The analysts wrote, “enthusiasm” for the deal announced that AT&T would be acquiring DirecTV for $95 per share based on Friday’s market close prices, analyst Matthew Harrigan is still downgrading DirecTV based on terms of the acquisition. From the deal, current DirecTV shareholders will receive $95 per share, $28.50 will be in cash and $66.50 will be in AT&T stock. The transaction will have a collar so that shareholders of DirecTV will get “1.905 shares at AT&T share prices below $34.90 at closing and 1.724 AT&T shares at prices above $38.58.”
Directv (NYSE:DTV) traded down 1.39% on Monday, hitting $84.98. 15,043,061 shares of the company’s stock traded hands. Directv has a 52-week low of $57.05 and a 52-week high of $89.46. The stock has a 50-day moving average of $79.37 and a 200-day moving average of $72.30. The company has a market cap of $42.815 billion and a P/E ratio of 16.98.
Directv (NYSE:DTV) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.50 by $0.13. The company had revenue of $7.86 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter last year, the company posted $1.43 earnings per share. Directv’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that Directv will post $5.91 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on DTV. Analysts at Atlantic Securities downgraded shares of Directv from an “overweight” rating to a “neutral” rating in a research note on Monday. Separately, analysts at Evercore Partners raised their price target on shares of Directv to $88.00 in a research note on Friday, May 9th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Directv from $78.00 to $86.00 in a research note on Thursday, May 8th. They now have a “sector perform” rating on the stock. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $84.71.
DIRECTV is a provider of digital television entertainment in the United States and Latin America. The Company operates two direct-to-home (NYSE:DTV), operating segments: DIRECTV U.
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