Market Overview

Wunderlich Securities Considers Potential Acquisition Of DirecTV By AT&T

Related DTV
Events for the Week of Sept. 15-19th
#PreMarket Primer: Friday, September 12: US Allies Vague About Participation In Syrian Airstrikes
Media Mega Merger: Will Time Warner, Fox Join Forces? (Fox Business)

In a report published Tuesday, Wunderlich Securities analyst Matthew Harrigan reiterated a Buy rating and $97.00 price target on DirecTV (NASDAQ: DTV).

In the report, Wunderlich Securities noted, β€œThe Wall Street Journal and Bloomberg are reporting that Buy-rated DirecTV (DTV) and AT&T (T-NR) are engaged in late stage negotiations that should result in T acquiring DirecTV at a price ranging from $95 to $105. A deal could be inked within two weeks after an initial approach on May 1.

"DirecTV offers AT&T a premium national video solution along with premium current customer demographics that support 4K TV while allowing legacy AT&T capabilities to focus on broadband. Timing for a deal is also favorable as the government reviews Comcast's (CMCSA-$50.65, Buy) proposed acquisition of Time Warner Cable (TWC-$138.14, Hold). We feel that it is unlikely that the latter deal could pass regulatory muster without the DTV deal also being approved.”

DirecTV closed on Monday at $87.16.

Latest Ratings for DTV

DateFirmActionFromTo
Sep 2014Canaccord GenuityInitiates Coverage onHold
Aug 2014UBSMaintainsNeutral
Aug 2014JefferiesMaintainsHold

View More Analyst Ratings for DTV
View the Latest Analyst Ratings

Posted-In: Matthew Harrigan Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (DTV)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters