DIRECTV Remains Neutral
We reaffirm our long-term Neutral recommendation on DIRECTV Inc. (NASDAQ:DTV). In the previous quarter, the company generated a record high net customer addition in Latin America, increased ARPU in the U.S., and accounted for a higher operating profit margin. Despite these positives, we are very much concerned about the slowing growth of the company’s core [...]
We reaffirm our long-term Neutral recommendation on DIRECTV Inc. (NASDAQ:DTV). In the previous quarter, the company generated a record high net customer addition in Latin America, increased ARPU in the U.S., and accounted for a higher operating profit margin.
Despite these positives, we are very much concerned about the slowing growth of the company’s core U.S. market, especially when the U.S. pay-TV industry as a whole performed much better in the previous quarter. Management cited a volatile … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards