Insight Rates a Buy From Analyst Zia11/03/2002 7:00 PM Eastern
Deutsche Bank Securities Inc. analyst Karim Zia maintained his "buy" rating on Insight Communications Co. in light of the MSO's strong third-quarter results.
Insight, which reported third-quarter financials on Oct. 24, showed better-than-expected growth in new products, despite a slight decline in basic subscribers. Although Zia wrote that he was still cautious about the cable sector, he maintained his ratings on Insight — and a $16 price target — given its low trading multiple of 9.9 times 2003 cash flow. Insight closed at $9.77, up 43 cents, on Oct. 30.