NEW YORK, December 13, 2016 /PRNewswire/ --
Today, Stock-Callers.com turns focus on the TV Broadcasting industry, which broadcasts television programs for free to the public. The US segment is highly concentrated, with the top 50 companies accounting for over 85% of revenue. Four equities have been lined up for assessment: News Corp. (NASDAQ: NWSA), Gray Television Inc. (NYSE: GTN), Liberty Broadband Corp. (NASDAQ: LBRDK), and Nexstar Broadcasting Group Inc. (NASDAQ: NXST). Register now and get full and free access to our downloadable research reports on these stocks at:
New York headquartered News Corp.'s stock finished Monday's session 0.33% lower at $12.01. A total volume of 3.46 million shares was traded, which was above their three months average volume of 3.00 million shares. The Company's shares have advanced 0.50% in the past month. The stock is trading 3.50% below its 200-day moving average. Additionally, shares of News Corp., which focuses on creating and distributing content to consumers and businesses worldwide, have a Relative Strength Index (RSI) of 48.22.
On December 8th, 2016, WeSpeke announced an innovative partnership with Dow Jones & Co., a division of News Corp., to provide English lessons to language learners around the world, a market estimated at over one billion people. WeSpeke will use its proprietary and patent-pending Natural Language Processing technology to create English lessons using world-class content from The Wall Street Journal and other Dow Jones brands. The lessons will be sold through subscriptions to Newsmart, a Dow Jones website powered by WeSpeke technology. Access our complete research report on NWSA for free at:
On Monday, shares in Atlanta, Georgia headquartered Gray Television Inc. recorded a trading volume of 1.87 million shares, which was higher than their three months average volume of 1.10 million shares. The stock ended the session 6.42% lower at $10.20. The Company's shares have advanced 21.43% in the last one month. The stock is trading 6.27% above its 50-day moving average. Moreover, shares of Gray Television, which owns and/or operates television stations and digital assets in the US, have an RSI of 54.13.
On November 16th, 2016, Gray Television announced that KSFY-TV began broadcasting from its new downtown Sioux Falls studio Monday, November 14th, 2016. Nearly a year ago, KSFY signed a multi-year lease agreement for space in Courthouse Square, 325 1st Avenue South, in Sioux Falls. Over the past year, KSFY and Gray Television have been building a state-of-the-art facility on two floors of the building. The first floor includes the television studio, media control center and newsroom. The second floor is home to the sales department. The complimentary research report on GTN can be downloaded at:
Shares in Englewood, Colorado-based Liberty Broadband Corp. closed the day 0.43% lower at $72.11. The stock recorded a trading volume of 314,774 shares. The Company's shares have gained 3.19% in the last month, 2.98% in the previous three months, and 39.05% on an YTD basis. The stock is trading 4.35% above its 50-day moving average and 14.03% above its 200-day moving average. Additionally, shares of Liberty Broadband, which provides video programming, Internet, voice, and advanced video services to residential and commercial customers in the US, have an RSI of 57.19. Register for free on Stock-Callers.com and get access to the latest PDF format report on LBRDK at:
At the close, shares in Irving, Texas headquartered Nexstar Broadcasting Group Inc. finished 4.08% lower at $62.25. The stockrecorded a trading volume of 389,672 shares. The Company's shares have advanced 13.08% in the last one month, 17.46% over the previous three months, and 8.28% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 12.03% and 21.14%, respectively. Furthermore, shares of Nexstar Broadcasting Group, which operates as a television broadcasting and digital media company in the US, have an RSI of 61.41.
On November 8th, 2016, Nexstar reported that Q3 2016 net revenue grew 23.6% to $275.66 million from $223.03 million in Q3 2015. The company posted income from operations of $72.90 million compared to income from operations of $48.32 million in Q3 2015, up by 50.9%. Nextstar's free cash flow during Q3 2016 totaled $58.54 million, up 26.6% on a y-o-y basis.
On November 14th, 2016, research firm Barrington Research reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $65 a share to $70 a share. Download your free research report on NXST at:
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