Report
Allan C. Nichols
EUR 101.80 For Business Accounts Only

Sky Reported Solid Fiscal First-Half Results That Further Benefited From the Weak Pound

Sky reported solid fiscal first-half results that were further enhanced by the weak British pound. However, for now we are maintaining our fair value estimate and narrow moat rating. We still believe 21st Century Fox's offer will likely be approved, which caps the potential value of Sky's stock at GBX 1075 per share. Considering the time value of money and some risk that the deal might not be completed, we are comfortable with our GBX 1010 fair value estimate and believe the shares are fairly va...
Underlying
Provider
Morningstar
Morningstar

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.

Analysts
Allan C. Nichols

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