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Wunderlich Securities Considers Potential Acquisition Of DirecTV By AT&T

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Brean Capital Downgrades DirecTV, Expect 'Continued Momentum' In The U.S.
UPDATE: DirecTV Q4 Earnings Top Expectations

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, “The 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
Feb 2015Brean CapitalDowngradesBuyHold
Feb 2015Buckingham ResearchDowngradesBuyNeutral
Dec 2014CitigroupMaintainsNeutral

View More Analyst Ratings for DTV
View the Latest Analyst Ratings

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

 

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