Directv Upgraded by Buckingham Research to Buy (DTV)
Directv (NYSE:DTV) was upgraded by analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $95.00 price target on the stock. Buckingham Research’s price target would indicate a potential upside of 13.55% from the stock’s previous close.
Directv (NYSE:DTV) opened at 83.66 on Wednesday. Directv has a one year low of $57.05 and a one year high of $89.46. The stock has a 50-day moving average of $83.21 and a 200-day moving average of $75.34. The company has a market cap of $42.150 billion and a price-to-earnings ratio of 16.38.
Directv (NYSE:DTV) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Directv will post $5.89 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on DTV. Analysts at Macquarie downgraded shares of Directv from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $95.00 price target on the stock, down previously from $100.00. Separately, analysts at Telsey Advisory Group reiterated a “sell” rating on shares of Directv in a research note on Wednesday, June 4th. They now have a $90.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Directv in a research note on Thursday, May 22nd. They now have a $88.00 price target on the stock. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $86.79.
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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