Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

DB Alex. Brown Downgrades Two Spanish-Language Broadcasters


Deutsche Banc Alex. Brown downgraded its investment ratings on shares of Spanish-language broadcasters Univision (UVN) and Hispanic Broadcasting (HSP) to buy from strong buy.

Analyst Andrew Marcus told S&P MarketScope that he downgraded Univision in sympathy with Hispanic Broadcasting's re-annoucement of an expected Q4 shortfall. He says the extent of HSP's shortfall is surprising given the fact that the company has historically proven to be less cyclically exposed. Marcus says a multiple revaluation is taking place in the Spanish-language media sector. He still views both Univision and Hispanic Broadcasting as the two fastest growing companies in their universe.

The analyst left his earnings estimates for Univision unchanged. For HSP, Marcus cut his his $118M 2001 earnings before interest, taxes, depreciation and amortization (EBITDA) estimate to $112M, and his $0.85 2001 after-tax cash flow per share estimate to $0.83.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus