Best TV Networks: Facebook, Alphabet, Netflix

Aug. 28, 2017 3:00 p.m. ET

KeyBanc Capital Markets

Multiple-compression for TV network stocks reflects highly negative sentiment and broad awareness of the secular challenges facing the industry.

Given negative sentiment, we believe investors should begin focusing more on what could go right. Unfortunately, we continue to believe there is a greater likelihood of accelerating pressure than stabilization in the second half, which suggests an ongoing defensive approach. Our favorite long among network stocks remains 21st Century Fox (ticker: FOXA) for the defensibility of its sports and news assets. Overall, we continue to prefer owning the stocks of the major Internet players —


Facebook



FB 0.48433389141353744%



Facebook Inc. Cl A


U.S.: Nasdaq


USD168.05


0.81
0.48433389141353744%



/Date(1504040400209-0500)/


Volume (Delayed 15m)
:
10908565



AFTER HOURS



USD168.34


0.289999999999992
0.17256768818803928%


Volume (Delayed 15m)
:
212805




P/E Ratio
38.28018223234624

Market Cap
485386188169.554


Dividend Yield
N/A

Rev. per Employee
1945860

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