British Sky Broadcasting Group PLC (OTCMKTS:SKYAY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “Sky plc offers entertainment and communications service. The Company offers Sky TV, on demand television programs; Sky Broadband offers broadband and telephony services; NOW TV is a streaming service and provides access to the Sky’s content; Sky Sports’ channels broadcast live sport, news and analysis, from football and golf to cricket and tennis; Sky Entertainment offers entertainment channels Sky 1, Sky Living, Sky Atlantic and Sky Arts; Sky News provides news and analysis; Sky Media is an advertising sales house and offers advertisers access to television channels; Sky Business provides Sky’s television and WiFi services; Sky Bet offers online betting and gaming services. Sky plc formerly known as British Sky Broadcasting Group plc is based in Isleworth, the United Kingdom. “

Several other research analysts have also recently commented on the company. Morgan Stanley raised British Sky Broadcasting Group PLC from an “equal” rating to a “weight” rating in a research note on Monday, September 19th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of British Sky Broadcasting Group PLC in a research note on Tuesday, September 27th. RBC Capital Markets raised British Sky Broadcasting Group PLC from an “underperform” rating to an “outperform” rating in a research note on Tuesday, July 19th. Kepler Capital Markets raised British Sky Broadcasting Group PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, September 27th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of British Sky Broadcasting Group PLC in a research report on Friday, September 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. British Sky Broadcasting Group PLC has an average rating of “Buy” and an average price target of $52.00.

British Sky Broadcasting Group PLC (OTCMKTS:SKYAY) opened at 45.55 on Thursday. The company’s 50 day moving average price is $45.15 and its 200-day moving average price is $50.36. British Sky Broadcasting Group PLC has a 52 week low of $41.80 and a 52 week high of $69.11. The company has a market capitalization of $19.45 billion, a P/E ratio of 22.64 and a beta of 0.82.

British Sky Broadcasting Group PLC Company Profile

Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.

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