Netflix stock sees bump after UBS upgrade

Netflix shares rose by 1.5% by market cap on Thursday after UBS analyst Eric Sheridan upgraded the stock to “buy” from “neutral” and raised his 12-month price target to US$410 from US$400. The rise follows a winning streak throughout January, which has seen Netflix stock rise by over 24% to date. The bump arrives after […]

Fries: Liberty will be ‘buyer or seller’ in markets where it lacks scale

Liberty Global is likely to look at M&A opportunities at a national level primarily but its main focus is its platform and delivering value for shareholders, according to president and CEO Mike Fries. Interviewed on stage at the UBS Annual Global Media and Communications conference, Fries, asked about the potential for a merger with Vodafone […]

Amazon ‘not gaining much traction’ says Netflix’s Sarandos

Amazon is “spending a lot of money” on original content without “gaining much traction”, according to rival streaming video leader Netflix’s programming chief. Speaking to analysts at UBS’s 44th Annual Global Media and Communications Conference, Ted Sarandos cited data from data traffic management specialist Sandvine and others back up his view that Amazon’s original content […]

Analysts assess Sky ahead of results and focus on Sky Q

Two banks have issued generally positive assessments of Sky ahead of its third-quarter results next week, with some caveats. Analysts expect Sky’s main focus in the UK to be on its new Sky Q high-end set-top and service and existing customers. Goldman Sachs predicts that the pay TV operator will add 30,000 UK net TV […]