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STOCKS NEWS EUROPE-Sky Deutschland jumps on subscribers outlook

Reuters - UK Focus

Shares in German pay-TV operator Sky Deutschland (Other OTC: SKDTY - news) are up 6.6 percent at the top of a 0.6 percent stronger European media index after giving a bullish outlook for its subscribers base.

The company, which is majority-owned by Rupert Murdoch's entertainment company 21st Century Fox, expects to add up to 450,000 new subscribers this year, compared to 304,000 new subscribers in 2013.

"The significant projected acceleration vs 2013 (304K) shows the strategy is on track to start delivering the increases in penetration investors now expect," analysts at Credit Suisse (NYSE: CS - news) say.

Sky Deutschland shares are down 6.6 percent so far this year but are still almost double the value from its 52-week low in early April last year.

Reuters messaging rm://harro.tenwolde.thomsonreuters.com@reuters.net