Entertainment Stocks Play to Upside - Research Report on CBS Corporation, Cablevision Systems Corporation, The Walt Disney Company, Netflix, Inc. and Comcast Corporation
NEW YORK, February 19, 2013 /PRNewswire/ --
Today, National Traders Association announced new research reports CBS Corporation (NYSE: CBS), Cablevision Systems Corporation (NYSE: CVC), The Walt Disney Company (NYSE: DIS), Netflix, Inc. (NASDAQ: NFLX) and Comcast Corporation (NASDAQ: CMCSA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
CBS Corporation Research Report
CBS recently reported fourth quarter 2012 earnings of 64 cents per share, jumping 14.3 percent from the same quarter a year ago. The revenue generated from advertising and from increasing cable subscription fees drove this increase. The company remains optimistic that its strong performance will continue in 2013. Aside from positive earnings, CBS has also entered into a licensing agreement with Amazon Prime, giving members access to their favorite CBS series for instant streaming. It has also collaborated with AXS TV to broadcast live event coverage. Analysts believe that streaming is becoming a significant source of revenue for networks, with more users preferring to watch their favorite shows online rather than on television. Investors have been delighted by how CBS has been performing so far, with its stock rising by more than 16 percent in 2013. The Full Research Report on CBS Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.NationalTradersAssociation.org/r/full_research_report/5552_CBS
Cablevision Systems Corporation (NYSE: CVC) Research Report
Cablevision has announced that Charter Communications Inc. has agreed to buy Optimum West for $1.63 billion in cash. Optimum West manages cable systems in Colorado, Montana, Wyoming, and Utah, with, 360,000 existing subscribers. Cablevision purchased Optimum West more in 2010 for $1.37 billion. According to Frank Louthan, an analyst at Raymond James & Co. in Atlanta, this deal is more positive for Cablevision in the near term. With this, Cablevision will be able to concentrate on the New York area, where most of its customers are based. Last year, the company increased its capital spending to broaden its Wi-Fi network, offer cloud-based program guides and offer faster broadband speeds. With this deal, the company may now focus on competing with Verizon's FiOS TV in its core metropolitan New York Cable systems. The transaction is expected to close in the third quarter of 2013. The Full Research Report on Cablevision Systems Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.NationalTradersAssociation.org/r/full_research_report/3fe1_CVC
The Walt Disney Company (NYSE: DIS) Research Report
Disney issued its first quarter of fiscal year 2013 results earlier this month, reporting 79 cents earnings per share, higher than analysts' expectations of 76 cents per share. The company's continued investments in its theme parks and resorts paid off with the segment generating 3.39 billion dollars, jumping 7 percent from the first quarter a year before. Late last year, Disney acquired Lucasfilm, in time for the production of Star Wars Episode VII. Aside from the Star Wars franchise, this acquisition includes operating businesses in live action film production as well as a substantial portfolio of entertainment technologies. Disney believes that its combined world-class content with Lucasfilm across multiple platforms, businesses, and markets will generate long-term growth. The Full Research Report on the Walt Disney Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.NationalTradersAssociation.org/r/full_research_report/80ef_DIS
Netflix recently won the dismissal of a shareholder lawsuit accusing the US video rental and streaming company that it had artificially inflated its share price. With this behind the company, Netflix can now focus on its new projects like the launch of its first ever Netflix Original Series for Kids. The series will be based on DreamWorks' animation movie Turbo, and will be called Turbo: F.A.S.T. (Fast Action Stunt Team). In 2012, the company reported that its members streamed 2 billion hours of kids' content, and this has pushed the company to produce an original series that its young members can enjoy exclusively. The stock has risen by more than 100 percent in 2013, with the company planning to increase subscribers to 50 million to generate greater revenue. The Full Research Netflix Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.NationalTradersAssociation.org/r/full_research_report/adac_NFLX
Analysts have upgraded Comcast due to excellent fourth quarter results, with adjusted EPS up more than 22% year over year. In light of this, the company announced a 20% increase in its dividend and a plan to execute a $2 billion share repurchase program. It has also announced that it will acquire 49 percent of General Electric's common equity stake in NBC Universal. Comcast believes that this deal represents its commitment to cable and broadcast television even as the internet has given consumers more options for entertainment. Comcast executives were impressed by the improving performance of NBC, topping its rivals' ratings last fall. The Full Research Report on Comcast Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: http://www.NationalTradersAssociation.org/r/full_research_report/fa2b_CMCSA
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