Entertainment Stocks on Investors' Radar -- Viacom, Time Warner, Twenty-First Century Fox, and Starz
NEW YORK, October 17, 2016 /PRNewswire/ --
The Diversified Entertainment space has dramatically evolved over the years, with much of its revenue now made in online media. According to analysts at Veronis Suhler Stevenson, total US communications and media spending is expected to reach $1.45 trillion this year. Ahead of today's trading session, Stock-Callers.com draws investors' attention to the following four equities: Viacom Inc. (NASDAQ: VIAB), Time Warner Inc. (NYSE: TWX), Twenty-First Century Fox Inc. (NASDAQ: FOX), and Starz (NASDAQ: STRZA). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Viacom
New York headquartered Viacom Inc.'s stock finished 0.50% higher at $36.00 at the closing bell on Friday. A total volume of 4.68 million shares was traded, which was above their three months average volume of 3.79 million shares. The Company's shares are trading below their 50-day moving average by 7.80%. Moreover, shares of Viacom, which operates as an entertainment content company in the US and internationally, have a Relative Strength Index (RSI) of 39.83.
On October 13th, 2016, research firm Wells Fargo upgraded the Company's stock rating from 'Underperform' to 'Market Perform'.
On October 14th, 2016, Viacom's Special Committee of the Board of Directors announced that it has retained financial advisors in connection with the Special Committee's evaluation of the request by National Amusements that Viacom explore a potential combination with CBS. The financial advisors are Morgan Stanley, Allen & Company and LionTree LLC. VIAB complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=VIAB
Time Warner
Shares in New York headquartered Time Warner Inc. ended Friday's session 0.19% higher at $79.55 with a total trading volume of 2.45 million shares. The stock has advanced 5.20% in the last month, 2.63% in the previous three months, and 25.07% on an YTD basis. The Company's shares are trading 1.26% above their 50-day moving average and 8.53% above their 200-day moving average. Moreover, shares of Time Warner, which operates as a media and entertainment company in the US and internationally, have an RSI of 54.91.
On September 29th, 2016, Time Warner announced that Jessica Holscott has been appointed to lead Time Warner's Investor Relations group. Ms. Holscott joined Time Warner in March 2016 to work closely with and ultimately succeed Mike Kopelman, who served as head of the IR group for the past three years. Mr. Kopelman is joining Home Box Office as Senior Vice President, Finance - Strategic Planning. The complimentary report on TWX can be downloaded at:
http://stock-callers.com/registration/?symbol=TWX
Twenty-First Century Fox
New York headquartered Twenty-First Century Fox Inc.'s shares rose 0.40%, closing the session at $24.86. A total volume of 4.78 million shares was traded, which was above their three months average volume of 3.37 million shares. The stock has gained 2.22% in the last one month. The Company's shares are trading 0.59% below their 50-day moving average. Additionally, shares of Twenty-First Century Fox, which operates as a diversified media and entertainment company worldwide, have an RSI of 49.24.
On September 27th, 2016, IMAX Corp. and Twentieth Century Fox, a division of 21st Century Fox, jointly announced that the companies have signed a new multi-picture agreement including four key future tentpoles from the Fox slate. The deal includes Maze Runner: The Death Cure, Predator, Alita: Battle Angel, and the studio's untitled Marvel film, all of which will be digitally re-mastered into the immersive IMAX® format and released in IMAX® theatres worldwide. Sign up for your complimentary research report on FOX at:
http://stock-callers.com/registration/?symbol=FOX
Starz
On Friday, shares in Englewood, Colorado headquartered Starz closed the session 0.43% higher at $30.70. A total volume of 1.17 million shares was traded, which was above their three months average volume of 1.13 million shares. The stock has gained 1.42% over the previous three months. The Company's shares are trading above their 200-day moving average by 7.73%. Furthermore, shares of Starz, which through its subsidiaries, operates as a media and entertainment company worldwide, have an RSI of 40.02.
On September 28th, 2016, Starz announced that the STARZ app launched on the Xbox One® video game and entertainment system from Microsoft. Starz stated that the STARZ app on Xbox One is a single destination for all subscribers who want to stream STARZ premium content. Subscribers to the STARZ sister networks, STARZ ENCORE and MOVIEPLEX, will also use this single destination app for access to stream. Get free access to your research report on STRZA at:
http://stock-callers.com/registration/?symbol=STRZA
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