NEW YORK, October 21, 2016 /PRNewswire/ --
Stock-Callers.com takes a look at the Diversified Entertainment segment, which is focused on broadcasting, entertainment production, and publishing. Companies in this space offer dividend yields that are in-line with the wider market. Today's equities in review are Twenty-First Century Fox Inc. (NASDAQ: FOXA), Comcast Corp. (NASDAQ: CMCSA), The Walt Disney Co. (NYSE: DIS), and CBS Corp. (NYSE: CBS). Download the free research reports on these stocks today:
Twenty-First Century Fox
Shares in New York headquartered Twenty-First Century Fox Inc. ended Thursday's session at $25.27, rising 0.60% from the last trading session. The stock recorded a trading volume of 18.00 million shares, which was above its three months average volume of 11.36 million shares. The Company's shares have gained 5.29% in the last one month. The stock is trading 3.12% above its 50-day moving average. Moreover, shares of Twenty-First Century Fox, which together with its subsidiaries, operates as a diversified media and entertainment company in the US, the UK, Continental Europe, Asia, Latin America, and internationally, have a Relative Strength Index (RSI) of 65.05.
On September 27th, 2016, FOX News Channel announced that it topped basic cable in both primetime and total day as the most-watched network for Q3. This marks the second quarter in 2016's calendar year that FNC has notched the number one spot in both day parts, a first for the network which turns 20 next month. See our free and comprehensive research report on FOXA at:
Philadelphia, Pennsylvania headquartered Comcast Corp.'s stock declined 0.86%, closing the day at $64.35. A total volume of 10.69 million shares was traded, which was above their three months average volume of 7.82 million shares. The Company's shares have advanced 16.02% on an YTD basis. The stock is trading 3.96% above its 200-day moving average. Additionally, shares of Comcast, which operates as a media and technology company worldwide, have an RSI of 37.14.
On September 27th, 2016, research firm Pivotal Research Group reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $81 a share to $90 a share.
On October 19th, 2016, Comcast announced it is significantly increasing the speeds of two of its most popular Internet speed tiers - Blast! and Performance Pro - for both new and existing customers in the Northeast Division, which includes 14 northeastern states from Maine through Virginia and the District of Columbia. CMCSA free research report PDF is just a click away at:
On Thursday, Burbank, California-based The Walt Disney Co.'s stock recorded a trading volume of 6.14 million shares, and ended the day 0.11% higher at $92.03. Shares of the Company, which together with its subsidiaries, operates as an entertainment company worldwide, are trading below their 50-day moving average by 1.79%. The stock has an RSI of 45.66.
On September 26th, 2016, research firm Drexel Hamilton downgraded the Company's stock rating from 'Buy' to 'Hold'.
On October 14th, 2016, Disney Consumer Products and Interactive Media and Dole Food Company announced plans to launch a new co-branded assortment of fresh produce featuring iconic Disney, Pixar, Star Wars, and Marvel characters at grocery and retail stores nationwide beginning this fall. Sign up for your complimentary report on DIS at:
New York headquartered CBS Corp.'s stock climbed 1.73%, finishing yesterday's session at $56.49. A total volume of 6.35 million shares was traded, which was above their three months average volume of 4.23 million shares. The Company's shares have advanced 12.80% in the last one month, 2.79% in the previous three months, and 20.97% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.90% and 8.45%, respectively. Additionally, shares of CBS Corp., which operates as a mass media company worldwide, have an RSI of 66.11.
On October 04th, 2016, research firm UBS upgraded the Company's stock rating from 'Sell' to 'Buy'. The research firm also revised upwards its previous target price from $52 to $66.
As per notes filed with the SEC on October 18th, 2016, CBS Radio Inc., an indirect wholly owned subsidiary of CBS Corporation, entered on October 17th, 2016, into a five-year $250 million senior secured revolving credit facility due 2021 and an $1.06 billion senior secured term loan credit facility due 2023 pursuant to a credit agreement among CBS Radio, the guarantors named therein, the lenders named therein, and JPMorgan Chase Bank, N.A., as administrative agent. The Radio Senior Credit Facility was entered into as part of CBS's announced plans to separate its radio business. On October 17th, 2016, CBS Radio borrowed the full amount of the Term Loan and there were no outstanding borrowings under the Revolving Credit Facility. Register for free on Stock-Callers.com and download the latest research report on CBS at:
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