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Sky Deutschland Selected as European Media Top Pick at JPMorgan 2014-01-09 07:33:06.949 GMT
By Blanche Gatt Jan. 9 (Bloomberg) -- Sky Deutschland named one of JPMorgan top large cap picks in European media, along with WPP, Publicis, JCDecaux; overweight reiterated, PT EU10. * JPMorgan says in note 2014 key performance indicators expected to accelerate; sees boost in 2014 subscriber growth to +421,000 from est. +308,000 in 2013, ARPU growth to +7% vs est. +6% in 2013 * Sees several potential positive catalysts in Sky Go Extra start, Fox holding * Says recent share price weakness offers buying opportunity * Stock down 5.6% since Jan. 1 vs SXMP’s 0.4% fall; gained 94% in 2013 * Shares have 29 analyst ratings; 12 buys, 9 holds, 8 sells; avg. PT EU8 implies upside of 0.4% * NOTE Dec. 20: Sky Deutschland among best performers on SXMP in 2013
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To contact the reporter on this story: Blanche Gatt in London at +44-20-7392-0351 or bgatt@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net