SKY (SKY) Raised to Buy at Liberum Capital

Liberum Capital upgraded shares of SKY (LON:SKY) to a buy rating in a research report report published on Tuesday.

Several other brokerages have also issued reports on SKY. Credit Suisse Group reaffirmed a neutral rating and set a GBX 1,075 ($15.09) target price on shares of SKY in a research report on Friday, January 12th. Shore Capital reaffirmed a hold rating on shares of SKY in a research report on Friday, January 19th. Royal Bank of Canada reaffirmed a sector performer rating and set a GBX 1,150 ($16.14) target price on shares of SKY in a research report on Tuesday, February 27th. Societe Generale lowered SKY to a hold rating and raised their target price for the stock from GBX 1,250 ($17.55) to GBX 1,330 ($18.67) in a research report on Wednesday, February 28th. Finally, Citigroup reissued a buy rating and issued a GBX 1,130 ($15.86) price objective on shares of SKY in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of GBX 1,158.50 ($16.26).

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Shares of LON:SKY opened at GBX 1,315.50 ($18.47) on Tuesday. SKY has a 12-month low of GBX 11.40 ($0.16) and a 12-month high of GBX 1,378 ($19.34).

SKY (LON:SKY) last announced its earnings results on Thursday, January 25th. The company reported GBX 31.30 ($0.44) earnings per share (EPS) for the quarter. The business had revenue of GBX 673.70 billion during the quarter. SKY had a return on equity of 27.18% and a net margin of 7.96%.

The firm also recently disclosed a dividend, which will be paid on Monday, April 23rd. Stockholders of record on Thursday, March 22nd will be given a GBX 13.06 ($0.18) dividend. The ex-dividend date is Thursday, March 22nd. This is a positive change from SKY’s previous dividend of $10.00. This represents a dividend yield of 1.23%.

In other SKY news, insider Tracy Jayne Clarke acquired 89 shares of the stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of GBX 1,314 ($18.44) per share, with a total value of £1,169.46 ($1,641.58). Over the last three months, insiders bought 213 shares of company stock valued at $260,963.

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About SKY

Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.

Analyst Recommendations for SKY (LON:SKY)

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