Netflix Stock Hits All-Time High Based on Analyst's Report That Says It's Becoming A Must-Have Service and Even Some Cable MSOs Will Carry It. Plus Global Impact LA Times
The stock for Netflix hit an all-tme high on Tuesday, Oct. 1, 2013, based upon an analyst's report, according to the Los Angeles Times' Company Town blog.
The story reports: "The stock rose to a high of $321.61 in early trading, after MKM Partners analyst Rob Sanderson wrote that global gains in subscribers would exceed expectations, and one day surpass the number of customers in the U.S.
The report continues: "Moreover, Sanderson cited recent deals with pay television distributors Virgin Media in Britain, which is testing a program in homes with Virgin Media TiVo devices, and with Com Hem in Sweden as indication that some cable operators now view Netflix as a partner whose Internet-streamed movies and TV shows enhance the appeal of broadband services.
" 'Anecdotes from the U.K. are encouraging, suggesting Netflix is becoming a "must-have" service,' Sanderson wrote."