Dixons Carphone warns on profits as customers keep phones for longer

Saturday, 26 Aug, 2017

Investors sentiment decreased to 1.32 in 2016 Q4. Its up 0.01, from 1 in 2016Q3.

United Kingdom shares rose slightly on Thursday as investors digested mixed earnings updates and data showed the United Kingdom economy expanded as initially estimated in the second quarter. 27 funds opened positions while 56 raised stakes. Anchor Advsr Ltd Company accumulated 35,911 shares. (NASDAQ:HCSG) for 15,344 shares. The Ontario - Canada-based Sentry Invests has invested 0.04% in Pattern Energy Group Inc (NASDAQ:PEGI). (NASDAQ:HCSG). 29,200 are owned by Louisiana State Employees Retirement Systems. Gemmer Asset Management Lc reported 44 shares. Comml Bank Of America Corporation De holds 338,388 shares or 0% of its portfolio. (NASDAQ:HCSG) for 9 shares. Gemmer Asset Management Limited Liability Company holds 168 shares or 0% of its portfolio. Ls Advsr Ltd owns 598 shares or 0.01% of their U.S. portfolio. The stock was acquired at an average cost of GBX 260 ($3.38) per share, with a total value of £49,626.20 ($64,424.51). Dixons Carphone PLC has a 12 month low of GBX 155.40 and a 12 month high of GBX 391.20. It has underperformed by 16.70% the S&P500.

The FTSE 100 (INDEXFTSE:UKX) is on the rise today as WPP and Provident Financial reversed some of their recent losses but a tumble in Dixons Carphone shares weighed on the FTSE 250 (INDEXFTSE:MCX). Therefore 67% are positive. HSBC Holdings plc dropped their price target on shares of Dixons Carphone PLC from GBX 450 ($5.84) to GBX 430 ($5.58) and set a "buy" rating on the stock in a report on Wednesday, May 17th. GBX 387.61's average target is 107.72% above currents GBX 186.6 stock price. Also, insider Fiona McBain acquired 19,129 shares of Dixons Carphone PLC stock in a transaction dated Thursday, August 24th. The correct version of this report can be accessed at https://www.truebluetribune.com/2017/08/25/dixons-carphone-plc-dc-receives-not-rated-rating-from-investec.html. The company was maintained on Friday, September 11 by Citigroup. The rating was upgraded by Oppenheimer on Thursday, December 1 to "Outperform". The stock of Dixons Carphone PLC (LON:DC) earned "Buy" rating by Liberum Capital on Wednesday, May 24. They now have a GBX 231.00 target price per share on company.

In my view, Dixons Carphone could fall further in the short run.