
Shares in Chinese online video giants Youku and Tudou took a dive this week as the Beijing government cracks down on online video with stricter regulations. The new laws will require Internet video providers to pre-screen all programming before making it available.
- Share this article on Facebook
- Share this article on Twitter
- Share this article on Email
- Show additional share options
- Share this article on Print
- Share this article on Comment
- Share this article on Whatsapp
- Share this article on Linkedin
- Share this article on Reddit
- Share this article on Pinit
- Share this article on Tumblr
Sanford C. Bernstein analyst Claudio Aspesi has upgraded his rating on shares of pan-European pay TV giant Sky and U.K. TV powerhouse ITV to “outperform” from “market perform.”
He called 2015 “the year of U.K. TV.”
Read more Analysts’ European Entertainment Stock Picks for 2015: ITV, ProSieben
Explaining his bullish views, Aspesi wrote in a report: “In the case of Sky, we stand 15 percent above 2016 consensus earnings per share, because we expect 15 percent inflation for the English Premier League [soccer rights] at the upcoming auction” early this year, compared to analysts’ consensus expectation of 50 percent.”
He concluded: “At current valuations, the upside opportunity is too high to resist.”
Discussing ITV, Aspesi said: “The U.K. TV ad market should do well in 2015; rising demand for U.K. TV content and possible further deregulation should provide additional upside over time.”
Read more Wall Street’s Entertainment Stock Picks for 2015: Disney, Fox, Time Warner
Plus, he added that “the current inexpensive valuation does not reflect a possible takeover offer.” John Malone‘s Liberty Global last year acquired a small stake in ITV.
Email: Georg.Szalai@THR.com
Twitter: @georgszalai
THR Newsletters
Sign up for THR news straight to your inbox every day