SKY (OTCMKTS:SKYAY) Upgraded to Buy at Zacks Investment Research

SKY (OTCMKTS:SKYAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, September 12th. The brokerage currently has a $90.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 0.35% from the company’s current price.

According to Zacks, “Sky plc offers entertainment and communications service. The Company offers Sky TV, on demand television programs; Sky Broadband offers broadband and telephony services; NOW TV is a streaming service and provides access to the Sky’s content; Sky Sports’ channels broadcast live sport, news and analysis, from football and golf to cricket and tennis; Sky Entertainment offers entertainment channels Sky 1, Sky Living, Sky Atlantic and Sky Arts; Sky News provides news and analysis; Sky Media is an advertising sales house and offers advertisers access to television channels; Sky Business provides Sky’s television and WiFi services; Sky Bet offers online betting and gaming services. Sky plc formerly known as British Sky Broadcasting Group plc is based in Isleworth, the United Kingdom. “

Separately, Buckingham Research assumed coverage on SKY in a report on Tuesday, June 26th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $90.00.

SKY stock traded down $0.31 on Wednesday, hitting $89.69. 909 shares of the stock traded hands, compared to its average volume of 7,215. SKY has a 1 year low of $46.90 and a 1 year high of $92.41.

About SKY

Sky plc, together with its subsidiaries, engages in entertainment and communications businesses. The company offers pay television broadcasting and home communications services, including broadband and telephone services; over-the-top subscriptions; and HD, UHD, multiscreen, line rental, second smartcard, premium HD, and mobile TV, as well as on demand services, such as Catch Up TV and box sets.

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