Morningstar says too early to re-rate Sky shares as fibre undermines pay-TV

Thu, 26 Jul 2018

By Paul McBeth July 26 (BusinessDesk) - Sky Network Television shares have climbed 27 percent from a trough in March, but it's too early to say they're ready for a re-rating with the threat of cheaper and larger online rivals a clear and present threat, according to Morningstar Research. The stock is up 2.7 percent to $2.67 today, having climbed from $2.11 in March as investors fretted about how the Auckland-based pay-TV operator would respond to streaming online video services taking their customers and competing more aggressively for b...

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