Wunderlich Securities Provides Color on DirecTV

Wunderlich Securities provided color on DirecTV DTV. In a research report published today, Wunderlich commented on the new deal NFLPA made with its owners. In the report, Wunderlich states, “The NFLPA has now voted to ratify a new agreement with the owners, clearing the way for Sunday Ticket to make its usual 20% contribution to Q3 gross subscriber additions. That said, the growth story for Buy-rated DirecTV (DTV) remains Latin America… We estimate that DirecTV Latin America inclusive of 41%-owned Sky Mexico could be worth $12 billion, or near $17 per share, using a valuation approach linked to the Brazilian Bovespa.” At the moment, the rating agency has a Buy rating and a price target of $60 placed on the company's stock. On Monday, DTV lost 1.32% of its value to finish the day at $51.66.