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倍数重要:媒体与娱乐、电信与有线服务、通信基础设施 | 北美

发布日期: 2026-08-19研究机构: Morgan Stanley公司 / 股票: AMCX.O,AMT.N,BATRK.O,BCE.TO,CCI.N,CCO.N,CHTR.O,CMCSA.O,CNK.N,DIS.N,DLR.N,EQIX.O,FOXA.O,FWONK.O,LAMR.O,LBTYA.O,LION.N,LYV.N,MSGE.N,MSGS.N,NFLX.O,NWSA.O,NYT.N,OMC.N,OUT.N,PSKY.O,RCIb.TO,ROKU.O,SBAC.O,SEAT.O,SIRI.O,SPHR.N,SPOT.N,STRZ.O,STUB.N,T.N,T.TO,TKO.N,报告页数: 22原文语言: English

研报英文原文证据摘录

Not for redistribution without written consent of Morgan Stanley

M

Update

August 19, 2026 04:01 AM GMT

Media & Entertainment, Telecom & Cable Services,

and Communications Infrastructure | North

America

Morgan Stanley & Co. LLC

Multiples Matter

Equity Analyst

Sean Diffley, CFA

Equity Analyst

Cameron Mansson-Perrone

Cameron McVeigh, CFA

Equity Analyst

This weekly compiles data on pertinent metrics, valuation by

industry segment, and historical stock price performance across

our Media & Entertainment, Telecom & Cable Services, and

Communications Infrastructure coverage.

Comparable trading multiples, including: P/E, Adj. P/FCF, EV/Unlevered FCF, EV/

EBITDA, Div. Yield.

Separate valuations for Large-Cap Media, Internet Media, Mid-Cap Advertising/

Film/Entertainment/Sport, Cable/Satellite, and Communications Infrastructure.

Sub-industries historical performance metrics, including: 1 Week, 1 Mo, 3 Mo, 12

Mo, 3 Year YTD.

Daniel Duran

Equity Analyst

Blake Netter, CPA

Equity Analyst

Patrick A Ho

Equity Analyst

Garo K Amerkanian

Research Associate

Media & Entertainment

North America

Industry View

Telecom & Cable Services

North America

Industry View

Communications Infrastructure

North America

Industry View

In-Line

Morgan Stanley does and seeks to do business with

companies covered in Morgan Stanley Research. As a result,

investors should be aware that the firm may have a conflict of

interest that could affect the objectivity of Morgan Stanley

Research. Investors should consider Morgan Stanley

Research as only a single factor in making their investment

decision.

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