New York headquartered Viacom Inc.'s stock finished Tuesday's session 0.43% higher at $36.95, with a total trading volume of 3.38 million shares. Shares of the Company, which operates as media brand worldwide, are trading 0.08% below their 50-day moving average. The stock has a Relative Strength Index (RSI) of 42.90.
On November 15th, 2016, Viacom and Telefónica S.A. announced the acquisition of Televisión Federal S.A. (Telefe), one of the main free-to-air channels in Argentina, by Viacom International Media Networks. The transaction has been concluded for a total amount of US$345 million dollars in cash. The transaction adds one of Argentina's most popular television networks and biggest content producers to Viacom's fast-growing portfolio of international TV networks and digital properties. Telefe reaches 95% of all households in Argentina.
On November 15th, 2016, research firm FBR & Co. downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. The research firm also revised downwards its previous target price from $56 to $44. Access our complete research report on VIAB for free at:
On Tuesday, shares in New York headquartered Time Warner Inc. recorded a share trading volume of 2.98 million. The stock ended the session 0.01% higher at $92.91. The Company's shares have advanced 6.68% in the last one month, 18.25% in the previous three months, and 46.71% on an YTD basis. The stock is trading 11.15% above its 50-day moving average and 22.12% above its 200-day moving average. Moreover, shares of Time Warner, which operates as a media and entertainment company in the US and internationally, has an RSI of 75.16.
On November 17th, 2016, research firm MoffettNathanson upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On November 29th, 2016, Time Warner announced amendments to its previously announced cash tender offers to purchase the outstanding debt securities of Time Warner and Historic TW Inc. With respect to the Debentures subject to the Offers that are validly tendered and not validly withdrawn, Time Warner increased (i) the aggregate principal amount of such Debentures that Time Warner can accept for purchase from up to $2,700,000,000 to up to $3,000,000,000 and (ii) the aggregate purchase price for such Debentures that Time Warner can accept for purchase from no more than $3,500,000,000 to no more than $4,000,000,000. The complimentary research report on TWX can be downloaded at:
Twenty-First Century Fox
Shares in New York headquartered Twenty-First Century Fox Inc. closed the day 0.60% higher at $28.36. The stock recorded a trading volume of 3.47 million shares. The Company's shares have gained 8.08% in the last month, 14.98% over the previous three months, and 5.50% on an YTD basis. The stock is trading 9.24% and 4.19% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Twenty-First Century Fox, which operates as a diversified media and entertainment company worldwide, have an RSI of 70.27.
On November 21st, 2016, AT&T and Fox Networks Group, a primary operating unit of Twenty-First Century Fox, announced they have reached an agreement to extend the Fox portfolio of networks across AT&T DIRECTV products including AT&T's new streaming service DIRECTV NOW. Register for free on Stock-Callers.com and get access to the latest PDF format report on FOX at:
At the close, shares in Englewood, Colorado headquartered Starz ended the day at $33.94, rising 0.77%. The stock recorded a trading volume of 8.58 million shares, which was above its three months average volume of 1.29 million shares. The Company's shares have advanced 8.78% in the last one month, 8.47% in the previous three months, and 1.31% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.11% and 17.13%, respectively. Furthermore, shares of Starz, which through its subsidiaries, operates as a media and entertainment company worldwide, have an RSI of 65.01.
On November 29th, 2016, Starz and Spotify, the leading music streaming service, announced plans to launch the first-ever streaming music integration into the STARZ premium video streaming service app. Starz launched an upgraded version of its free STARZ app that immerses the Spotify music experience into its premium video experience for STARZ Original series and other STARZ premium movie and television content. Download your free research report on STRZA at:
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