Sky Plc (OTC:SKYAY) was upgraded by equities researchers at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report issued on Monday.

Shares of Sky Plc (OTC:SKYAY) traded up 1.58% during midday trading on Monday, reaching $44.44. 13,009 shares of the company’s stock traded hands. Sky Plc has a 52-week low of $41.80 and a 52-week high of $69.11. The firm has a market capitalization of $18.98 billion and a P/E ratio of 21.49. The stock’s 50 day moving average price is $45.69 and its 200 day moving average price is $51.62.

Sky Plc Company Profile

Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.

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