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UPDATE: Stifel Nicolaus Initiates Ascent Capital Group at Hold on Valuation

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Ascent Capital Group Appoints Jeffery Gardner as Chief Executive Officer of Monitronics International

Stifel Nicolaus initiated coverage on Ascent Capital Group, Inc. (NASDAQ: ASCMA) with a Hold rating.

Stifel Nicolaus commented, "We think Monitronics may be an excellent acquisition candidate for a large cable or telecom provider looking to make a platform acquisition in the space, but we are hesitant to recommend a stock primarily based on a potential takeout. Also, we just don't foresee enough near-term upside to the current valuation to justify a Buy rating."

Ascent Capital Group closed at $63.58 on Monday.

Latest Ratings for ASCMA

DateFirmActionFromTo
Mar 2016Imperial CapitalMaintainsOutperform
Nov 2015Piper JaffrayMaintainsOverweight
Nov 2014Imperial CapitalMaintainsOutperform

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Posted-In: Stifel NicolausAnalyst Color Initiation Intraday Update Analyst Ratings

 

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