Videocon d2h Limited (VDTH) Downgraded to “Sell” at BidaskClub

Videocon d2h Limited (NASDAQ:VDTH) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, July 24th.

Separately, ValuEngine lowered shares of Videocon d2h Limited from a “buy” rating to a “hold” rating in a report on Friday, May 26th.

Videocon d2h Limited (NASDAQ:VDTH) traded down 3.62% during mid-day trading on Monday, reaching $9.05. 32,064 shares of the company’s stock traded hands. The company has a 50-day moving average of $9.21 and a 200-day moving average of $10.06. The company has a market capitalization of $952.43 million, a price-to-earnings ratio of 220.73 and a beta of 1.91. Videocon d2h Limited has a 52-week low of $7.68 and a 52-week high of $11.74.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silver Capital Management LLC bought a new position in Videocon d2h Limited during the second quarter valued at $397,000. Boston Partners increased its stake in Videocon d2h Limited by 5.7% in the second quarter. Boston Partners now owns 2,047,487 shares of the company’s stock valued at $19,943,000 after buying an additional 109,736 shares in the last quarter. Athos Capital Ltd acquired a new stake in Videocon d2h Limited during the second quarter valued at approximately $7,968,000. Bank of New York Mellon Corp acquired a new stake in Videocon d2h Limited during the second quarter valued at approximately $791,000. Finally, FACTORIAL MANAGEMENT Ltd increased its stake in Videocon d2h Limited by 8.7% in the second quarter. FACTORIAL MANAGEMENT Ltd now owns 155,162 shares of the company’s stock valued at $1,599,000 after buying an additional 12,373 shares in the last quarter. Hedge funds and other institutional investors own 27.34% of the company’s stock.

Videocon d2h Limited Company Profile

Videocon d2h Limited is engaged in the provision of direct to home (DTH) subscription television services to subscribers in India. The Company operates under the Videocon d2h brand. The Company is engaged in the transmission of programming to subscribers through satellite broadcasting. Its subscribers have access to over 550 national and international channels and services, including approximately 45 high definition (HD) channels and services, and over 42 audio and video services through its Music Channel Services through several subscription packages, as well as the option of choosing add-ons and a la carte channels and receiving certain discounts through long-term recharge offers.

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