MUMBAI: Stock-Callers.com has initiated research coverage on four Diversified Entertainment companies, namely: Twenty-First Century Fox Inc., Viacom Inc., Lions Gate Entertainment Corp., and World Wrestling Entertainment Inc. The Entertainment Industry is a constantly evolving group that mainly comprises television networks and station owners, which are typically involved in programming and production of content. Learn more about these stocks by downloading their comprehensive and free reports at:
Twenty-First Century Fox
New York headquartered Twenty-First Century Fox Inc.'s shares finished Friday's session 2.03% lower at $27.94. A total volume of 29.19 million shares was traded, which was above their three months average volume of 8.53 million shares. The stock has gained 0.23% on an YTD basis. The Company's shares are trading above their 200-day moving average by 0.19%. Moreover, shares of Twenty-First Century Fox, which together with its subsidiaries, operates as a diversified media and entertainment company in the US, the UK, Continental Europe, Asia, Latin America, and internationally, have a Relative Strength Index (RSI) of 30.99.
On May 08th, 2017, Twenty-First Century Fox announced the appointment of Melody Hildebrandt to the role of Global Chief Information Security Officer. In this role, Ms. Hildebrandt will oversee the protection and risk management for enterprise communications, technologies, and assets for 21CF. She joins the Company from Palantir Technologies, where she served as executive vice president and directed the cybersecurity practice. Her appointment is effective on June 01st, 2017.
On May 11th, 2017, research firm Rosenblatt upgraded the Company's stock rating from 'Neutral' to 'Buy'. FOXA complete research report is just a click away and free at:
Viacom
Shares in New York headquartered Viacom Inc. ended the day 0.26% higher at $34.61 with a total trading volume of 4.39 million shares. The stock is trading 12.96% below its 200-day moving average. Shares of the Company, which operates as media brand worldwide, have an RSI of 16.05.
On May 05th, 2017, research firm RBC Capital Markets reiterated its 'Underperform' rating on the Company's stock with a decrease of the target price from $35 a share to $30 a share.
On May 10th, 2017, Viacom's emerging entertainment technology group, Viacom NEXT, premiered an original virtual reality music experience for the song "Withdrawal" by Atlantic Records recording artist Max Frost at the 2017 Microsoft Build Developer Conference. The video harnesses cutting-edge Microsoft Mixed Reality Capture technology, bringing fans face-to-face with photorealistic holographs of Frost, who sings and plays multiple instruments simultaneously in an immersive, underwater environment.
Lions Gate Entertainment
Santa Monica, California headquartered Lions Gate Entertainment Corp.'s stock rose 1.63%, closing the session at $23.72. A total volume of 528,394 shares was traded, which was above their three months average volume of 488,870 shares. The Company's shares have gained 1.89% in the last one month. The stock is trading 0.25% below its 50-day moving average. Additionally, shares of Lions Gate Entertainment, which engages in motion picture production and distribution, television programming and syndication, home entertainment, branded channel platforms, interactive ventures and games, and location-based entertainment in Canada, the US, and internationally, have an RSI of 54.96.
On May 05th, 2017, Lions Gate Entertainment announced that it will release its Q4 and full year financial results for the fiscal year ended March 31st, 2017 after market close on Thursday, May 25th, 2017. Senior management will hold its analyst and investor conference call to discuss the Company's FY17 financial results at 5:00 p.m. ET on that same day. Sign up for your complimentary research report on LGF-B at:
World Wrestling Entertainment
On Friday, shares in Stamford, Connecticut headquartered World Wrestling Entertainment Inc. finished the session 0.94% lower at $19.94. A total volume of 257,981 shares was traded. The stock has gained 9.02% on an YTD basis. The Company's shares are trading above their 200-day moving average by 0.06%. Furthermore, shares of World Wrestling Entertainment, which engages in the sports entertainment business in North America, Europe, Middle-East, Africa, Asia/Pacific, and Latin America, have an RSI of 37.08.
On May 04th, 2017, World Wrestling Entertainment announced financial results for its first quarter ended March 31st, 2017. Revenue for the quarter increased 10% to $188.4 driven by the Company's Live Events, Network, and Television segments. The Company also reported net income of $0.9 million, or $0.01 per share; operating income of $4.0 million; and adjusted OIBDA of $18.6 million for Q1 2017. Get free access to your research report on WWE
