NEW YORK, February 16, 2017 /PRNewswire/ --
Today's research on Stock-Callers.com brings investors' attention to the Broadcasting TV industry which is poised to transform the way it reaches viewers under advances in technology. According to an article on The Baltimore Times, broadcasters see a planned shift to a new transmission standard, which would provide over-the-air, high-definition broadcasts to mobile devices, as key to their survival. Equities in focus this morning are: Grupo Televisa S.A.B. (NYSE: TV), TEGNA Inc. (NYSE: TGNA), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), and Scripps Networks Interactive Inc. (NASDAQ: SNI). You can access our complimentary research reports on these stocks now at:
Mexico City, Mexico-based Grupo Televisa S.A.B.'s shares gained 1.18%, closing Wednesday's trading session at $23.10. The stock recorded a trading volume of 1.36 million shares. Shares of the Company have advanced 15.56% in the last month, 1.76% in the previous three months, and 10.58% on an YTD basis. The stock is trading 8.42% above its 50-day moving average. Additionally, shares of Grupo Televisa, which operates as a media company in the Spanish-speaking world, have a Relative Strength Index (RSI) of 64.80.
On January 17th, 2017, Grupo Televisa and Univision Holdings, Inc. announced a strengthened and expanded relationship between the two companies by unifying both of their content development and production efforts. The Companies noted that the News and all other operations of both companies will remain independent, and the current terms and conditions of the existing programming license agreement between Televisa and Univision remain unchanged.
On January 24th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit us today and download your complete report on TV for free at:
On Wednesday, shares in McLean, Virginia headquartered TEGNA Inc. recorded a trading volume of 1.80 million shares, which was above their three months average volume of 1.78 million shares. The stock rose 0.75%, ending the day at $24.33. The Company's shares have advanced 13.96% in the last month, 9.39% over the previous three months, and 13.74% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.93% and 11.82%, respectively. Furthermore, shares of TEGNA, which engages in media and digital businesses in the US, have an RSI of 79.03.
On January 16th, 2017, TEGNA and Metro-Goldwyn-Mayer announced that they will premiere BOLD, a live, interactive, multi-platform topical entertainment program, in the fall of 2017. BOLD will be the industry's first live multi-daypart syndicated show, spotlighting the day's essential stories, information and trending social media content in real-time across multiple screens. BOLD will be distributed by TEGNA Media and MGM and produced by TEGNA. The complimentary research report on TGNA can be accessed at:
Hunt Valley, Maryland headquartered Sinclair Broadcast Group Inc.'s stock finished the day 1.12% higher at $36.10 with a total trading volume of 1.04 million shares. The Company's shares have gained 17.21% in the last one month, 17.11% in the previous three months, and 8.25% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.42% and 19.91%, respectively. Additionally, shares of Sinclair Broadcast Group, which operates as a television broadcasting company in the US, have an RSI of 70.00.
On February 09th, 2017, Sinclair Broadcast announced that it expects to receive an estimated $313 million of gross proceeds from the National Broadband Plan Spectrum Auction. The results of the auction are not expected to produce any material change in operations or results for the Company. The proceeds are expected to be received later this year. Register for free on Stock-Callers.com and download the PDF research report on SBGI at:
Scripps Networks Interactive
Shares in Knoxville, Tennessee headquartered Scripps Networks Interactive Inc. ended yesterday's session 0.36% higher at $77.18. The stock recorded a trading volume of 1.62 million shares, which was above its three months average volume of 970,640 shares. The Company's shares have advanced 2.88% in the last one month, 4.72% over the previous three months, and 8.14% on an YTD basis. The stock is trading 4.59% and 15.66% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Scripps Networks Interactive, which develops lifestyle-oriented content for linear and interactive video platforms in the US, the UK and other European markets, Middle East and Africa, Asia/Pacific, and Latin America, have an RSI of 62.87.
On February 15th, 2017, Scripps Networks Interactive announced that its board of directors approved a 20% increase in the quarterly dividend to 0.30 per share, up from $0.25 per share. This dividend will be payable on March 10th, 2017 to shareholders of record at the close of business on February 28th, 2017. Get free access to your research report on SNI at:
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