Brokerage firm has upgraded the Dish TV and Hathway TV to overweight which raises the target prices of the TV over the next 12 months.
Morgan Stanley a brokerage firm has promoted the Direct to home (Dish TV) has raised the target price from Rs.49 to 82. It represents the percentage increases in upside of 20% and make it to “overweight” from “underweight”. In reporting to the economic times by Morgan Stanley, zee entertainment has been reduced the percentage up to 24% for Dish TV to make it as equal weight in 2014. It is also believed that there will be large parts of potential improvement in subscription for the zee in terms of price.
Not only for Dish TV, has the firm also upgraded the Hathway cable to upside of 37% which represents the target price increase of Rs 91 from 59.