British Sky Broadcasting Group PLC (NASDAQ:SKYAY) Lifted to “Buy” at Zacks Investment Research

British Sky Broadcasting Group PLC (OTCMKTS:SKYAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, October 25th. The brokerage presently has a $55.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 13.87% 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, ValuEngine upgraded British Sky Broadcasting Group PLC from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $55.00.

Shares of British Sky Broadcasting Group PLC (OTCMKTS SKYAY) opened at $48.30 on Wednesday. British Sky Broadcasting Group PLC has a 12-month low of $37.23 and a 12-month high of $52.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.96 and a quick ratio of 0.76.

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British Sky Broadcasting Group PLC Company Profile

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.

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