Zacks Investment Research upgraded shares of British Sky Broadcasting Group PLC (OTCMKTS:SKYAY) from a sell rating to a hold rating in a research note released on Thursday morning.

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. “

Analyst Recommendations for British Sky Broadcasting Group PLC (OTCMKTS:SKYAY)

Several other analysts have also recently commented on the stock. Morgan Stanley upgraded shares of British Sky Broadcasting Group PLC from an equal rating to a weight rating in a research note on Monday. RBC Capital Markets upgraded shares of British Sky Broadcasting Group PLC from an underperform rating to an outperform rating in a research note on Tuesday, July 19th. Beaufort Securities restated a buy rating on shares of British Sky Broadcasting Group PLC in a research note on Friday, September 16th. Finally, Citigroup Inc. reiterated a buy rating on shares of British Sky Broadcasting Group PLC in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $51.00.

Shares of British Sky Broadcasting Group PLC (OTCMKTS:SKYAY) opened at 45.035 on Thursday. The stock has a market cap of $19.23 billion, a PE ratio of 21.990 and a beta of 0.80. British Sky Broadcasting Group PLC has a 1-year low of $41.80 and a 1-year high of $69.11. The stock has a 50 day moving average of $45.31 and a 200 day moving average of $51.22.

British Sky Broadcasting Group PLC Company Profile

Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.

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