NEW YORK, October 5, 2016 /PRNewswire/ --
The CATV Systems, or Cable Television Systems, industry provide cable services, on-demand services, and other media services. Companies in this segment offer an average yield that is comparable to the Services sector as a whole. This morning, Stock-Callers.com looks at performance of the following CATV Systems stocks: Netflix Inc. (NASDAQ: NFLX), Liberty Global PLC - Class C Ordinary Shares (NASDAQ: LBTYK), Liberty Global PLC - Class A Ordinary Shares (NASDAQ: LBTYA), and Discovery Communications Inc. (NASDAQ: DISCA). Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Los Gatos, California headquartered Netflix Inc.'s shares dropped 0.28%, closing Tuesday's trading session at $102.34. The stock recorded a trading volume of 12.12 million shares, which was higher than its three months average volume of 10.48 million shares. Shares of the Company have advanced 5.09% in the last month and 8.18% in the previous three months. The stock is trading 6.55% above its 50-day moving average and 4.84% above its 200-day moving average. Additionally, shares of Netflix, which engages in the Internet delivery of television shows and movies on various Internet-connected screens, have a Relative Strength Index (RSI) of 62.39.
On September 14th, 2016, Netflix announced that it will post its Q3 2016 financial results and business outlook on its investor relations website on October 17th, 2016, at approximately 1:05 p.m. Pacific Time. Netflix's CEO Reed Hastings, CFO David Wells, and Chief Content Officer Ted Sarandos will host a live video discussion about the company's financial results and business outlook at 2:00 p.m. Pacific Time.
On September 27th, 2016, research firm JP Morgan reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $116 a share to $125 a share. Free research report on NFLX is available at: http://stock-callers.com/registration/?symbol=NFLX
On Tuesday, shares (Class C) in London, the UK-based Liberty Global PLC recorded a trading volume of 3.39 million shares, which was above their three months average volume of 2.87 million shares. The stock declined 0.39%, ending the day at $32.87. The Company's shares have advanced 2.82% in the last month and 20.01% over the previous three months. The stock is trading above its 50-day moving average by 5.02%. Furthermore, shares of Liberty Global, which together with its subsidiaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally, have an RSI of 57.77.
On September 28th, 2016, C&W Networks, a division of Cable & Wireless Communications (C&W), now part of Liberty Global announced that it has expanded its reach with the integration of the recently activated, state-of-the-art Point-of-Presence (POP) node at the Jacksonville, Florida Network Access Point (NAP) known as Jax NAP. The complimentary research report on LBTYK can be downloaded at: http://stock-callers.com/registration/?symbol=LBTYK
Liberty Global PLC
London, the UK-based Liberty Global PLC's stock (Class A Shares) finished the day 0.41% lower at $33.89 with a total trading volume of 1.72 million shares. The Company's shares have gained 3.20% in the last one month and 22.52% in the previous three months. The stock is trading above its 50-day moving average by 5.07%. Additionally, shares of Liberty Global, which provides entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels, have an RSI of 57.64. Visit us today and access our complete research report on LBTYA at: http://stock-callers.com/registration/?symbol=LBTYA
Shares in Silver Spring, Maryland headquartered Discovery Communications Inc. ended yesterday's session 0.04% higher at $27.40. The stock recorded a trading volume of 3.37 million shares, which was above its three months average volume of 3.33 million shares. The Company's shares have advanced 5.83% in the last one month, 9.16% in the previous three months, and 2.70% on an YTD basis. The stock is trading 6.26% above its 50-day moving average and 3.04% above its 200-day moving average. Moreover, shares of Discovery Communications, which operates as a media company worldwide, have an RSI of 69.71.
On September 27th, 2016, research firm MoffettNathanson downgraded the Company's stock rating from 'Neutral' to 'Sell'.
As per notes filed with the SEC on October 4th, 2016, Discovery Communications, LLC ("DCL"), a wholly-owned subsidiary of Discovery Communications announced that it had entered into an employment agreement with Gunnar Wiedenfels, to serve as its Chief Financial Officer. Mr. Wiedenfels' employment is conditioned upon (a) Mr. Wiedenfels receiving authorization to work for DCL in the United States, or for a DCL subsidiary in London, England, and (ii) Mr. Wiedenfels being released by his current employer in circumstances that permit him to undertake employment by DCL. If these conditions are satisfied, Mr. Wiedenfels shall commence employment with DCL on a mutually agreed date, but no later than April 1st, 2017. Get free access to your research report on DISCA at: http://stock-callers.com/registration/?symbol=DISCA
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