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2011/08/29

Analyst Adjusts Video Firm Price Targets - Cable Spotlight

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August 24, 2011

Analyst Adjusts Video Firm Price Targets

By Gary Kim, Contributing Editor

Sanford Bernstein cable and satellite analyst Craig Moffett reduced his 12-month targets for a handful of cable and satellite stocks and raised them slightly for Comcast and Time Warner (News - Alert) Cable. Equity prices aren’t everything, reflecting the overall state of financial markets as well as firm performance and the strategic backdrop.

Cable and satellite lost more customers than ever in the second quarter, which has fueled some fears that cord-cutting is accelerating. Beyond that, opinion is split. Some argue that most of the losses are customers abandoning subscription TV to save money. Others think users might be switching to online video... Read More


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