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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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