DIRECTV (NASDAQ:DTV) Continues to Grow Fast

Deutsche Bank (NYSE:DB) continues to be bullish on DIRECTV (NASDAQ:DTV), citing its strong growth rate and operational excellence.

Deutsche said, "DTV is still growing fast ('11E 9% revenue/8% EBITDA growth) and is well positioned, in our view, with its high-end customer base, stringent credit standards, leading pay TV brand, advantaged distribution and fast growing LatAm operations. With its huge equity shrink (repurchasing one-third of shares 2011-13), we expect FCF/share to almost double from 2011’s $3.20 to 2013’s $6.05 -- we see 20% upside to our target."

DIRECTV closed Friday at $40.62, falling $0.29, or 0.71 percent. Deutsche has a price target on them of $49, while maintaining their "Buy" rating on the company.