NEW YORK, May 10, 2017 /PRNewswire/ --
Companies in the Broadcasting TV industry broadcast television programs for free to the public and for cable subscribers. The profitability of individual firms depends on advertising volume, programming mix, and efficient operations. Today, Stock-Callers.com shifts focus on these flour stocks: Grupo Televisa S.A.B. (NYSE: TV), News Corp. (NASDAQ: NWSA), TEGNA Inc. (NYSE: TGNA), and Sinclair Broadcast Group Inc. (NASDAQ: SBGI). Learn more about these stocks by downloading their comprehensive and free reports at:
On Tuesday, shares in Mexico City, Mexico-based Grupo Televisa S.A.B. rose 0.41%, ending the day at $24.72. The stock recorded a trading volume of 4.66 million shares, which was above its three months average volume of 1.80 million shares. The Company's shares have advanced 9.82% over the previous three months and 18.33% since the start of this year. The stock is trading above its 200-day moving average by 1.51%. Moreover, shares of Grupo Televisa, which operates as a media company in the Spanish-speaking world, have a Relative Strength Index (RSI) of 44.41.
On April 28th, 2017, Grupo Televisa announced that, as required, the Company's Form 20-F has been filed with the US SEC. The document is available on the Company's corporate website. Shareholders may request for a printed copy of the Form 20-F filed, free of charge, by contacting Televisa's investor relations department. TV complete research report is just a click away and free at:
Shares in New York headquartered News Corp. ended the day 2.50% higher at $13.11. A total volume of 3.32 million shares was traded, which was above their three months average volume of 2.08 million shares. In the last month and the previous three months, the stock has gained 4.80% and 8.33%, respectively. Additionally, the Company's shares have advanced 15.33% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.49% and 3.66%, respectively. Furthermore, shares of News Corp., which focuses on creating and distributing content to consumers and businesses worldwide, have an RSI of 64.29.
On May 08th, 2017, News Corp. announced that Marc Frons has been appointed Chief Technology Officer. Mr. Frons has served in that role in an interim capacity since October 2016. Additionally, Latha Maripuri, who currently serves as the Company's Chief Information Security Officer, and Christina Scott, CTO for News UK, have both been promoted to the Deputy CTO positions, while retaining their existing responsibilities. The complimentary report on NWSA can be downloaded at:
At the close of trading on Tuesday, shares in McLean, Virginia headquartered TEGNA Inc. finished 6.75% lower at $24.05. A total volume of 5.83 million shares was traded, which was above their three months average volume of 2.06 million shares. The stock has advanced 4.36% over the previous three months and 13.05% on an YTD basis. The Company's shares are trading above their 200-day moving average by 6.81%. Additionally, shares of TEGNA, which engages in media and digital businesses in the US, have an RSI of 33.41.
On May 04th, 2017, TEGNA and Cars.com announced they will hold separate investor meetings focused on the upcoming spin-off of Cars.com. As previously announced, the spin will create two independent, publicly traded companies: TEGNA, an innovative media company with the largest broadcast group among major network affiliates in the top 25 markets; and Cars.com, a leading digital automotive marketplace. The spin is expected to be completed on May 31st, 2017. Sign up for your complimentary research report on TGNA at:
Sinclair Broadcast Group Inc.'s shares recorded a trading volume of 3.90 million shares at the end of yesterday's session, which was higher than their three months average volume of 1.80 million shares. The stock closed the day 2.16% lower at $35.35. The Company's shares have advanced 5.06% in the previous three months and 6.47% on an YTD basis. The stock is trading above its 200-day moving average by 8.27%. Additionally, shares of Sinclair Broadcast Group, which operates as a television broadcasting company in the US, have an RSI of 23.49.
On May 04th, 2017, research firm The Benchmark Company reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $45 a share to $52 a share.
On May 08th, 2017, Sinclair Broadcast and Tribune Media Company announced that they have entered into a definitive agreement under which the former will acquire 100% of the issued and outstanding shares of Tribune for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion, plus the assumption of approximately $2.7 billion in net debt. Get free access to your research report on SBGI at:
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