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Top 14 Broadcasting Stocks That Could Still Outperform the Market

Melisa R. H. Posted On June 27, 2019
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What’s a broadcaster?

It used to be a TV network, plain and simple, but nowadays it’s a telco or media giant with tentacles reaching into the internet, cell phones, cable TV and, increasingly, streaming services.

In Canada, the three telcos enjoy an oligopoly by charging some of the highest data and phone rates in the world, which pay shareholders safe dividends.
An expected interest rate will be another tailwind.

Across the border, Disney has entered the streaming business with Disney+ that may or may not take away business from Netflix. Meanwhile, more traditional broadcasters, such as ATN here (SAT-X) or Grupo Televisa (TV-N) in America and Mexico, serve niche markets.

Here’s a list of the top broadcasting stocks:

🎦 Broadcasting

Canada Stocks

Evertz Technologies Ltd. (ET-T)

An overlooked Canadian success story, Evertz, upgrades broadcasting equipment across North America. They are the leader in this space, and are expanding their presence.

Evertz Technologies Ltd. (ET-T) — Stockchase
Evertz Technologies Ltd. (ET-T) — Stockchase

Follows it, but it's a bit small for his concentrated portfolio.

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Corus Entertainment (B) (CJR.B-T)

It’s no secret that Corus has been struggling, then last month Shaw sold its $548 million stake. Some say this now is a buying opportunity, while others stay on the sidelines.

Corus Entertainment (B) (CJR.B-T) — Stockchase
Corus Entertainment (B) (CJR.B-T) — Stockchase

The dividend is not coming back and they should be putting money into growth. The valuation is OK so can hold for the long term. But there others in the sector that he prefers.

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Asian Television Network International (SAT-X)

Based in Markham, ATN broadcasts to the South Asian-Canadian community in languages including Hindi and Bengali. This demographic is large and wealthy, but ATN contends with piracy of South Asian content. That said, ATN is profitable and generates decent cash flow.

Asian Television Network International (SAT-X) — Stockchase
Asian Television Network International (SAT-X) — Stockchase

They have a fair bit of cash in the bank. Being a smaller company it suffers more from pirated content on the Internet. It was a really well run company. They had a lot of cash in the bank.

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Telus Corp (T-T)

Telus has forecast its annual dividend growth rate of 7-10% for the next three years as its payout ratio declines. All this as the big three slash unlimited broadband rates in a battle to win customers.

Telus Corp (T-T) — Stockchase
Telus Corp (T-T) — Stockchase

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Earnings expectations are 30 cents EPS, and revenues of $4.37B. It has missed 5 of the last 8 quarters, but the last quarter was good, showing 20% growth. Could buy here. Unlock Premium - Try 5i Free

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Rogers Communications (B) (RCI.B-T)

Rogers shot the opening salvo in the current data-plan war among Canadian telcos. A Toronto Raptors’ championship won’t hurt Rogers’ bottom line, but Rogers trails its peers in laying 5G fiber-optic to the home.

Rogers Communications (B) (RCI.B-T) — Stockchase
Rogers Communications (B) (RCI.B-T) — Stockchase

(A Top Pick Apr 19/21, Up 22%) It lagged a lot last year over worries of the Shaw deal. He likes the telcos though has taken profits on all his holdings. He still likes this name.

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BCE Inc. (BCE-T)

A dominant player in this space that’s long enjoyed growth, but how much growth is left? At least the 5% dividend yield is safe, which is why many investors buy this stock.

BCE Inc. (BCE-T) — Stockchase
BCE Inc. (BCE-T) — Stockchase

He is bullish on Telcos which do well in this environment. Some clients own BCE in their portfolios. Valuations are high and the dividend is not necessarily fully covered today but hopefully in a year. He prefers Telus which is better run with interesting assets and certainty of dividend growth.

stockchase.com stockchase.com

Quebecor Inc (B) (QBR.B-T)

It’s enjoyed a superb run since 2015 and many analysts expect more growth to come, but their operations are limited to Quebec.

Quebecor Inc (B) (QBR.B-T) — Stockchase
Quebecor Inc (B) (QBR.B-T) — Stockchase

Defensive telecom and cable. Regional. Dominant cable operator. New cell phone competitor with 21% market share, but the fastest growing. Small sports/entertainment division. No commodity exposure and minimal wage inflation, as it's capital- and tech-intensive. Strong balance sheet. Interesting reinvestment catalysts out of Rogers-Shaw deal. Yield is 4.11%. (Analysts’ price target is $35.31)

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U.S. Stocks

Time Warner Inc (TWX-N)

The U.S. Justice Department originally challenged AT&T’s takeover 12 months ago, but to the surprise of some eventually approved the deal. Now, the entertainment giant is even bigger as WarnerMedia. The company operates in film, TV, cable and publishing, including HBO and the Turner Broadcasting System.

Time Warner Inc (TWX-N) — Stockchase
Time Warner Inc (TWX-N) — Stockchase

(A Top Pick Jan 30/18, Up 5%) He bought this back believing the AT&T merger would go through--and it did. It worked out for him.

stockchase.com stockchase.com

Comcast Corp (CMCSA-Q)

The world’s largest teleco, Comcast penetrates nearly half of all Amerian households. All eyes are on Comcast’s $39 billion takeover of U.K. broadcaster, Sky.

Comcast Corp (CMCSA-Q) — Stockchase
Comcast Corp (CMCSA-Q) — Stockchase

Valuation down to 11x earnings. He expects a strong quarter with good cash flow from their cable subscriptions.

stockchase.com stockchase.com

Gray Television, Inc. (GTN-N)

Gray is a broadcaster based in Atlanta that operates in over 90 small- and mid-sized American markets. It continues to expand.

Gray Television, Inc. (GTN-N) — Stockchase
Gray Television, Inc. (GTN-N) — Stockchase

(A Top Pick Mar 25/21, Up 13.8%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with GTN has triggered its stop at $21. To remain disciplined, we recommend covering the position at this time.

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Echostar Communications (DISH-Q)

Based in Colorado, this direct-broadcast satellite player owns Dish Network. It doesn’t pay a dividend, but the stock just came off its 52-week high.

Echostar Communications (DISH-Q) — Stockchase
Echostar Communications (DISH-Q) — Stockchase

Generates a lot of free cash and does stock buy backs. Will give a dividend of $1 in a week.

stockchase.com stockchase.com

Walt Disney (DIS-N)

One of the biggest announcements this spring was the long-awaited announcement of Disney+, a new streaming service that’s expect to compete with Netflix. Or will it complement the streamer by reaching a younger audience? Regardless, this is definitely a stock to watch.

Walt Disney Co. (DIS-N) — Stockchase
Walt Disney Co. (DIS-N) — Stockchase

DIS has pulled back a lot, but she believes in it long term. DIS launched their streamer amid a pandemic. Content costs for the sector is rising. DIS says Disney+ will be profitable 2.5 years from now. It was difficult to make a lot of new content during lockdowns, so there will be a lot…

stockchase.com stockchase.com

Espial Group (ESP-T)

This Ottawa software company helps service providers launch next-generation video offerings. It’s partnered with the likes of Netflix, Amazon and Google. Despite a good balance sheet, Espial’s operations have been quiet lately.

Espial Group (ESP-T) — Stockchase
Espial Group (ESP-T) — Stockchase

They haven't won many contracts lately. They had signed a deal with Rogers to make them look like Apple TV and more user-friendly, but lost that contract, then signed a few new contracts, but those revenues haven't come to fruition. He still holds it thought it's been going down. There's lot of cash on the…

stockchase.com stockchase.com

Mexican Stock

Grupo Televisa (TV-N)

A Mexican multimedia company, Grupo is the second-largest broadcaster in Hispanic America as well as the first of all the Spanish-speaking world. Much of its programming airs in the U.S.

Grupo Televisa (TV-N) — Stockchase
Grupo Televisa (TV-N) — Stockchase

(A Top Pick Jan 7/13. Up 4.33%.) When it became apparent the developing markets were behaving a little bit more poorly, he exited his position at about $30. Great company and ultimately it is in the right group but he prefers to focus on more US domestic companies.

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