Sky Reported Solid Fiscal 1Q Results; Raising Our FVE; Shares Slightly Undervalued
Sky started off its new fiscal year with solid results. On a like-for-like basis, its revenue increased 5% year over year versus our full-year projection of 4.4%. However, reported revenue growth was slightly less because of currency movements. We are increasing our fair value estimate to GBX 1,050 from GBX 1,010 for the local shares, and to $55 from $52 for the ADRs, which also benefit from the strengthening of the British pound versus the dollar. Our narrow-moat rating remains unchanged. We co...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.