DirecTV Cut to “Hold” at Citigroup (DTV)

in Gold Investment by admin — March 19, 2010 5:44 am | no comments

Satellite television operator DirecTV ( DTV ) saw its rating cut on Friday by analysts at Citigroup. The analyst lowered its rating on DirecTV from “Buy” to “Hold,” but maintained its $38 price target on the stock, which had closed at $34.60 on Thursday. DirecTV shares fell 48 cents, or -1.4%, in premarket trading Friday. The Bottom Line Shares of DTV are trading right near all-time highs. The stock has technical support in the $28-$30 price area. We do not currently rate this non-dividend paying stock, but we do follow the company closely. DIRECTV ( DTV ) does not currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

Follow this link:
DirecTV Cut to “Hold” at Citigroup (DTV)

Tags: analyst-lowered currently-pay directv dividend dividend-stocks dtv non-dividend stocks our-ratings ratings united states