Sky Network TV's Risk/Reward Still Not Attractive -- Market Talk

Dow Jones
03/02

2321 GMT - Sky Network TV's solid beat with its 1H result doesn't alter Morgan Stanley's bearish view of its stock. Sky Network TV reported a 29% rise in 1H Ebitda to NZ$78 million, exceeding consensus hopes by 10%. Guidance for FY 2026 revenue and Ebitda were also better than expected at the midpoint of the ranges. Analyst Andrew McLeod says Sky Network TV's management is doing a good job at controlling the levers it can. "But, we don't think it is enough to offset the structural and cyclical challenges the payTV business is facing," MS says. "Risk/return is not sufficiently attractive." MS retains an underweight call on Sky Network TV, and lifts its price target by 9.2% to NZ$2.50/share. Sky Network TV is down 0.9% at NZ$3.33 today. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

March 01, 2026 18:21 ET (23:21 GMT)

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