SKY (SKY) Given Neutral Rating at Credit Suisse Group

Credit Suisse Group reiterated their neutral rating on shares of SKY (LON:SKY) in a report published on Tuesday morning. They currently have a GBX 1,075 ($14.85) target price on the stock.

SKY has been the topic of several other reports. Citigroup reiterated a buy rating on shares of SKY in a research note on Tuesday, November 7th. Liberum Capital restated a buy rating and set a GBX 1,060 ($14.64) price objective on shares of SKY in a research note on Friday, November 17th. Finally, Shore Capital restated a hold rating on shares of SKY in a research note on Friday, December 15th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 1,122 ($15.50).

Shares of SKY (SKY) traded up GBX 21 ($0.29) during mid-day trading on Tuesday, reaching GBX 1,082 ($14.95). 13,328,760 shares of the company’s stock traded hands, compared to its average volume of 3,670,000. SKY has a 12-month low of GBX 11.40 ($0.16) and a 12-month high of GBX 1,100.60 ($15.21). The firm has a market cap of $18,670.00 and a price-to-earnings ratio of 2,080.77.

SKY (LON:SKY) last issued its quarterly earnings results on Thursday, January 25th. The company reported GBX 31.30 ($0.43) earnings per share (EPS) for the quarter. SKY had a net margin of 5.69% and a return on equity of 20.30%. The firm had revenue of GBX 673.70 billion for the quarter.

The company also recently disclosed a dividend, which will be paid on Monday, April 23rd. Stockholders of record on Thursday, March 22nd will be paid a dividend of GBX 13.06 ($0.18) per share. 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 news, insider Tracy Jayne Clarke acquired 70 shares of the stock in a transaction dated Thursday, December 21st. The shares were bought at an average cost of GBX 1,019 ($14.08) per share, for a total transaction of £713.30 ($985.49). Insiders have bought a total of 214 shares of company stock worth $213,797 over the last 90 days.

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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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