Citi upgrades Dish TV to 'buy', shares gain
Feb 28 2013, 10:52 IST
Shares in Dish TV India Ltd gain 2.8 percent after Citigroup upgraded the stock to "buy" from "sell" and raised its target price to 77 rupees from 70 rupees.
Citigroup cites expectations for a fall in subscriber acquisition costs and an "inching up" in average revenues per user, while noting the industry is becoming more "rational" in terms of its balance sheets.
Citigroup also says Dish TV shares have under-performed rivals over the past six months.
Stocks More on Dish TV
Previous Story Apax sells stake in India's Apollo Hospital for $90 mn: source Next Story Foreign workers face employment permit renewal squeeze
Reader's Comments| Post a Comment
Be the first to comment.
