SKY (SKYAY) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of SKY (OTCMKTS:SKYAY) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Sky plc offers entertainment and communications service. The Company offers Sky TV, on demand television programs; Sky Broadband offers broadband and telephony services; NOW TV is a streaming service and provides access to the Sky’s content; Sky Sports’ channels broadcast live sport, news and analysis, from football and golf to cricket and tennis; Sky Entertainment offers entertainment channels Sky 1, Sky Living, Sky Atlantic and Sky Arts; Sky News provides news and analysis; Sky Media is an advertising sales house and offers advertisers access to television channels; Sky Business provides Sky’s television and WiFi services; Sky Bet offers online betting and gaming services. Sky plc formerly known as British Sky Broadcasting Group plc is based in Isleworth, the United Kingdom. “

Separately, ValuEngine raised shares of SKY from a hold rating to a buy rating in a research report on Saturday, October 21st.

SKY (SKYAY) opened at $54.15 on Tuesday. SKY has a 52-week low of $46.90 and a 52-week high of $55.09. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.96.

The business also recently announced a None dividend, which will be paid on Friday, February 16th. Investors of record on Friday, January 12th will be given a dividend of $0.534 per share. The ex-dividend date of this dividend is Thursday, January 11th.

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About SKY

Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.

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