DTV: DirecTV Dips on Analyst Downgrade

Reports are also circulating of a merger with AT&T


Shares of DirecTV (DTV) fell almost 4% in Thursday trading after the satellite TV provider’s stock was downgraded by an investment firm.

directv logo DTV: DirecTV Dips on Analyst DowngradeDTV shares slid after Buckingham Research analysts lowered their rating for DTV stock from “Buy” to “Neutral,” WKRB notes.

ATTLogo DTV: DirecTV Dips on Analyst Downgrade
T, DTV: AT&T Rumors Swirl Over $40B DirecTV Merger

On Monday, DTV shares rose after DirecTV posted lower quarterly earnings that still topped analysts’ forecasts.

Yesterday, Reuters reported that DTV was considering a possible merger with AT&T (T). According to the report, DTV’s board is consulting with Goldman Sachs (GS) over a potential deal with AT&T. The news sent DTV shares up sharply in Wednesday trading.

On Wednesday, DTV stock closed at $88.25 per share.

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