Advanced Television


Bank: Video games weathering recession

Games producer Devolver Digital Games, based in Texas, has had a bad week. It issued a profits warning for the year and suffered a 50 per cent crash in its share price. The concerns drove a sell-off across many PC and console video games as it raised concerns over market congestion, softening market demand and […]

June 16, 2022

Bank: SES has begun recovery

Analysts at Berenberg Bank has issued a positive note to clients on satellite operator SES, saying that while its business is doing well – and its share price reflects this – it still has three key challenges over the next two years. The bank has reiterated its ‘Buy’ rating on SES and raised its target […]

June 13, 2022

Bank: Concerns for Eutelsat over Russian exposure

A report from Berenberg on Eutelsat’s current position does not make the best reading. The investment bank says that Eutelsat’s share price has underperformed when compared to SES and unlikely to improve given new CEO Eva Berneke’s statement that Eutelsat’s planned return to growth in 2022-2023 was no longer achievable. Blunt though the bank’s opinion […]

June 12, 2022

Bank upgrades Liberty Global

Equity analysts at investment bank Berenberg have upgraded their opinion on media giant Liberty Global. Analyst Carl Murdock-Smith at the bank cited the bank’s rating on Liberty Global shares to ‘Buy’ from ‘Hold’ although kept the target price for Liberty’s stock at $30. Murdock-Smith noted that Liberty enjoys several catalysts, as well as a “consistent […]

June 8, 2022

Bank: Junk food ad ban delay boosts ITV

The UK government has postponed its planned advertising restrictions on high fat, sugar-rich and salty products (so called HFSS foods). The products were expected to be prohibited in the near future – but now the government says it will look again at the restrictions in a year. The news was a boost for ITV; The […]

May 18, 2022

Bank: Ubisoft Q4 disappoints

Video games giant Ubisoft has reported another disappointing set of numbers in its quarterly results – which resulted in the company reducing its formal guidance. A report on Ubisoft from investment bank Berenberg says that the company’s its Q4/22 trading and net bookings (at €664 million) were 6 per cent short of consensus which translated […]

May 17, 2022

Roku eyes Starz stake

Roku is reportedly considering taking a 20 per cent minority stake in Lionsgate Entertainment’s premium movie service Starz. Roku could team up with private equity operation Apollo Global Management for the acquisition, or potentially dip into its own $2 billion war chest to fund the move. A report from investment bank Berenberg says it believes […]

May 5, 2022By Chris Forrester

Bank: “VIaplay maintains momentum”

A report from investment bank Berenberg on NENT Group and its Viaplay service maintains its ‘BUY’ advice to investors. The bank, however, says there were slight shortfalls from NENT’s Advertising and Other Subscription segments in its last set of results, which meant that group net sales of SEK2.34 billion (€0.23bn) fell 2.3 per cent short […]

April 28, 2022

Bank downgrades ITV

A report from equity analysts at investment bank Berenberg has downgraded its advice to clients to ‘Sell’ shares in the UK commercial broadcaster. The bank believes the market’s consensus estimates for ITV are too optimistic. “While forecasts have fallen following the announcement of additional investment in ITVX, consensus still expects modest growth in advertising revenue […]

April 20, 2022By Chris Forrester

Bank: Viaplay Netherlands exceeding expectations

Nordic Entertainment Group (NENT) has received a positive view from analysts at Berenberg Bank, which says that there’s been a positive newsflow in the company’s favour. “Viaplay was launched in the Netherlands, and we believe the platform has achieved subscriber numbers well ahead of expectations,” says Berenberg. “An agreement has been struck with Tele2 to […]

April 14, 2022