Viacom, Inc. (NASDAQ: VIAB), Whirlpool (NYSE: WHR), Wynn Resorts, Limited (NASDAQ: WYNN), Alliance Data Systems Co. (NYSE: ADS), Affymax, Inc. (NASDAQ: AFFY) and Advanced Micro Devices (NYSE: AMD) had ratings on them maintained by analysts.
Viacom, Inc. (VIAB) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
Whirlpool (WHR) had its “Buy” rating reiterated by KeyBanc.
Wynn Resorts, Limited (WYNN) had its “Buy” rating reiterated by Nomura (NYSE:NMR).
Alliance Data Systems Co. (ADS) had its “Neutral” rating reiterated by Nomura.
Affymax, Inc. (AFFY) had its “Outperform” rating reiterated by Robert W. Baird.
Advanced Micro Devices (AMD) had its “Buy” rating reiterated by Canaccord Genuity.
Showing posts with label Viacom. Show all posts
Showing posts with label Viacom. Show all posts
Saturday, February 4, 2012
Monday, November 14, 2011
Viacom, Inc. (VIA-B) Price Targets Changed
Viacom, Inc. (NASDAQ: VIA-B) had price targets on them adjusted by several analysts.
Viacom, Inc. (VIA-B) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $56.00.
Viacom, Inc. had its price target raised by Goldman Sachs (NYSE:GS) to $53.00.
Viacom, Inc. had its price target lowered by Benchmark Co. to $51.00.
Viacom, Inc. had its price target raised by JPMorgan Chase & Co. to $56.00.
Viacom, Inc. (VIA-B) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $56.00.
Viacom, Inc. had its price target raised by Goldman Sachs (NYSE:GS) to $53.00.
Viacom, Inc. had its price target lowered by Benchmark Co. to $51.00.
Viacom, Inc. had its price target raised by JPMorgan Chase & Co. to $56.00.
Thursday, November 10, 2011
Viacom (VIA-B) (PAAS) (FC) (GTAT) (IGT) (OCLS) Ratings Reiterated
Viacom, Inc. (NASDAQ: VIA-B), Pan American Silver Corp. (NASDAQ: PAAS), Franklin Covey Co. (NYSE: FC), GT Advanced Technologies, Inc. (NASDAQ: GTAT), International Game Technology (NYSE: IGT) and Oculus Innovative Sciences, Inc. (NASDAQ: OCLS) had ratings on them reiterated by analysts.
Wunderlich reiterated its "Buy" rating on Viacom, Inc. (VIA-B). They have a price target of $60.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Underweight" rating on Pan American Silver Corp. (PAAS).
Barrington Research reiterated its "Outperform" rating on Franklin Covey Co. (FC).
GT Advanced Technologies, Inc. (NASDAQ: GTAT) was given a reiterated “buy” by analysts at Wunderlich.
Sterne Agee reiterated its "Buy" rating on International Game Technology (IGT). They have a price target of $23.00 on the company.
LifeTech Capital reiterated its "Buy" rating on Oculus Innovative Sciences, Inc. (OCLS). They have a price target of $4.75 on the company.
Wunderlich reiterated its "Buy" rating on Viacom, Inc. (VIA-B). They have a price target of $60.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Underweight" rating on Pan American Silver Corp. (PAAS).
Barrington Research reiterated its "Outperform" rating on Franklin Covey Co. (FC).
GT Advanced Technologies, Inc. (NASDAQ: GTAT) was given a reiterated “buy” by analysts at Wunderlich.
Sterne Agee reiterated its "Buy" rating on International Game Technology (IGT). They have a price target of $23.00 on the company.
LifeTech Capital reiterated its "Buy" rating on Oculus Innovative Sciences, Inc. (OCLS). They have a price target of $4.75 on the company.
Tuesday, August 30, 2011
Apple (AAPL) (P) (VIA) (WPI) (QCOM) (ARUN) Ratings Reiterated
Apple, Inc (NASDAQ: AAPL), Pandora Media (NYSE: P), Viacom Inc. (NYSE: VIA), Watson Pharmaceuticals Incorporated (NYSE: WPI), QUALCOMM, Inc. (NASDAQ: QCOM) and Aruba Networks, Inc. (NASDAQ: ARUN) had ratings on them reiterated by analysts.
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Pandora Media (P).
Bank of America (NYSE:BAC) reiterated its "Buy" rating on Apple, Inc (AAPL).
Wunderlich reiterated its "Buy" rating on Viacom Inc. (VIA).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Watson Pharmaceuticals Incorporated (WPI).
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on QUALCOMM, Inc. (QCOM).
Wedbush reiterated its "Outperform" rating on Aruba Networks, Inc. (ARUN).
JPMorgan Chase & Co. (NYSE:JPM) reiterated its "Overweight" rating on Pandora Media (P).
Bank of America (NYSE:BAC) reiterated its "Buy" rating on Apple, Inc (AAPL).
Wunderlich reiterated its "Buy" rating on Viacom Inc. (VIA).
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Watson Pharmaceuticals Incorporated (WPI).
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on QUALCOMM, Inc. (QCOM).
Wedbush reiterated its "Outperform" rating on Aruba Networks, Inc. (ARUN).
Tuesday, August 23, 2011
Newmont (NEM) (VIA-B) (BIRT) (HPQ) (YGE) (CHCO) Upgraded
Newmont Mining Co. (NYSE: NEM), Viacom, Inc. (NASDAQ: VIA.B), Actuate Co. (NASDAQ: BIRT), Hewlett-Packard (NYSE: HPQ), Yingli Green Energy Hold. Co. Ltd. (NYSE: YGE) and City Holding Company (NASDAQ: CHCO) upgraded by analysts.
Newmont Mining Co. (NEM) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.
Viacom, Inc. (VIA-B) was upgraded by Caris & Company from an “Above Average” rating to a “Buy” rating. They have a price target of $58.00 on the company.
Actuate Co. (BIRT) was upgraded by First Analysis from an “Equal Weight” rating to an “Overweight” rating.
Hewlett-Packard (HPQ) was upgraded by Auriga from a “Hold” rating to a “Buy” rating.
Yingli Green Energy Hold. Co. Ltd. (YGE) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.
City Holding Company (CHCO) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $35.00 on the company.
Newmont Mining Co. (NEM) was upgraded by Citigroup (NYSE:C) from a “Hold” rating to a “Buy” rating.
Viacom, Inc. (VIA-B) was upgraded by Caris & Company from an “Above Average” rating to a “Buy” rating. They have a price target of $58.00 on the company.
Actuate Co. (BIRT) was upgraded by First Analysis from an “Equal Weight” rating to an “Overweight” rating.
Hewlett-Packard (HPQ) was upgraded by Auriga from a “Hold” rating to a “Buy” rating.
Yingli Green Energy Hold. Co. Ltd. (YGE) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating.
City Holding Company (CHCO) was upgraded by Stifel Nicolaus from a “Hold” rating to a “Buy” rating. They have a price target of $35.00 on the company.
Tuesday, August 9, 2011
Berkshire (BRK-B) (WLK) (ATK) (NKTR) (VIA) (CF) Price Targets Changed
Berkshire Hathaway (NYSE: BRK-B), Westlake Chemical Corp (NYSE: WLK), Alliant Techsystems Inc. (NYSE: ATK), Nektar Therapeutics (NASDAQ: NKTR), Viacom Inc. (NYSE: VIA) and CF Industries Holdings Inc (NYSE: CF) price targets adjusted by analysts.
Berkshire Hathaway (BRK-B) had its price target lowered by Barclays Capital from $92.00 to $85.00. They have an “Equal Weight” rating on the company.
Westlake Chemical Corporation (WLK) had its price target lowered by Deutsche Bank (NYSE:DB) from $52.00 to $48.00. They have a “Hold” rating on the company.
Alliant Techsystems Inc. (ATK) had its price target lowered by Barclays Capital from $84.00 to $74.00. They have an “Equal Weight” rating on the company.
Nektar Therapeutics (NKTR) had its price target lowered by Deutsche Bank from $14.00 to $11.00. They have a “Buy” rating on the company.
Viacom Inc. (VIA) had its price target raised by Barclays Capital from $55.00 to $57.00. They have an “Overweight” rating on the company.
CF Industries Holdings Inc. (CF) had its price target raised by Barclays Capital from $158.00 to $170.00. They have an “Equal Weight” rating on the company.
Berkshire Hathaway (BRK-B) had its price target lowered by Barclays Capital from $92.00 to $85.00. They have an “Equal Weight” rating on the company.
Westlake Chemical Corporation (WLK) had its price target lowered by Deutsche Bank (NYSE:DB) from $52.00 to $48.00. They have a “Hold” rating on the company.
Alliant Techsystems Inc. (ATK) had its price target lowered by Barclays Capital from $84.00 to $74.00. They have an “Equal Weight” rating on the company.
Nektar Therapeutics (NKTR) had its price target lowered by Deutsche Bank from $14.00 to $11.00. They have a “Buy” rating on the company.
Viacom Inc. (VIA) had its price target raised by Barclays Capital from $55.00 to $57.00. They have an “Overweight” rating on the company.
CF Industries Holdings Inc. (CF) had its price target raised by Barclays Capital from $158.00 to $170.00. They have an “Equal Weight” rating on the company.
Viacom (VIA-B) (CNW) (ESC) (FFIV) (GVA) (NVDA) (SBRA) Price Targets Changed
Viacom, Inc. (NASDAQ: VIA.B), Con-way Inc. (NYSE: CNW), Emeritus Co. (NYSE: ESC), F5 Networks (NASDAQ: FFIV), Granite Construction Inc. (NYSE: GVA), NVIDIA (NASDAQ: NVDA) and Sabra Healthcare Reit (NASDAQ: SBRA) price targets adjusted by analysts.
Viacom, Inc. (VIA-B) had its price target raised by Wedbush from $60.00 to $65.00. They have an “Outperform” rating on the company.
Con-way Inc. (CNW) had its price target lowered by Credit Suisse (NYSE:CS) to $42.00. The have an “Outperform” rating on the company.
Emeritus Co. (ESC) had its price target lowered by Stifel Nicolaus from $30.00 to $25.00. They have a “Buy” rating on the company.
F5 Networks (FFIV) had its price target lowered by ThinkEquity from $135.00 to $120.00. They have a “Buy” rating on the company.
Granite Construction Inc. (GVA) had its price target lowered by FBR Capital from $33.00 to $24.00. They have a “Market Perform” rating on the company.
NVIDIA (NVDA) had its price target lowered by FBR Capital from $23.00 to $19.00. They have a “Market Perform” rating on the company.
Sabra Healthcare Reit (SBRA) had its price target lowered by Stifel Nicolaus from $20.00 to $15.00. They have a “Buy” rating on the company.
Viacom, Inc. (VIA-B) had its price target raised by Wedbush from $60.00 to $65.00. They have an “Outperform” rating on the company.
Con-way Inc. (CNW) had its price target lowered by Credit Suisse (NYSE:CS) to $42.00. The have an “Outperform” rating on the company.
Emeritus Co. (ESC) had its price target lowered by Stifel Nicolaus from $30.00 to $25.00. They have a “Buy” rating on the company.
F5 Networks (FFIV) had its price target lowered by ThinkEquity from $135.00 to $120.00. They have a “Buy” rating on the company.
Granite Construction Inc. (GVA) had its price target lowered by FBR Capital from $33.00 to $24.00. They have a “Market Perform” rating on the company.
NVIDIA (NVDA) had its price target lowered by FBR Capital from $23.00 to $19.00. They have a “Market Perform” rating on the company.
Sabra Healthcare Reit (SBRA) had its price target lowered by Stifel Nicolaus from $20.00 to $15.00. They have a “Buy” rating on the company.
Tuesday, May 10, 2011
Ratings on (ROSE) (SKS) (VIA.B) Upgraded
Ratings on Rosetta Resources Inc. (NASDAQ: ROSE), Saks Inc (NYSE: SKS) and Viacom, Inc. (NASDAQ: VIA.B) upgraded by analysts.
Citigroup (NYSE:C) upgraded Rosetta Resources Inc. (ROSE) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Saks Inc (SKS) from a “sell” rating to a “neutral” rating. They have a price target of $12.00 on the company.
Argus upgraded Viacom, Inc. (VIA-B) from a “hold” rating to a “buy” rating. They have a price target of $65.00 on the company.
Citigroup (NYSE:C) upgraded Rosetta Resources Inc. (ROSE) from a “hold” rating to a “buy” rating.
Goldman Sachs (NYSE:GS) upgraded Saks Inc (SKS) from a “sell” rating to a “neutral” rating. They have a price target of $12.00 on the company.
Argus upgraded Viacom, Inc. (VIA-B) from a “hold” rating to a “buy” rating. They have a price target of $65.00 on the company.
Tuesday, May 3, 2011
Ratings on (ONB) (SPR) (TDC) (VIA-B) Upgraded by Analysts
Ratings on Old National Bancorp (NYSE: ONB), Spirit AeroSystems Holdings, Inc. (NYSE: SPR), Teradata Co. (NYSE: TDC) and Viacom, Inc. (NASDAQ: VIA.B) were upgraded today by analysts.
Sterne Agee upgraded Old National Bancorp (ONB) from a “neutral” rating to a “buy” rating. They have a price target of $12.50 on the company.
Wedbush upgraded Spirit AeroSystems Holdings, Inc. (SPR) from a “neutral” rating to an “outperform” rating. They have a price target $30.00 on the company.
William Blair upgraded Teradata Co. (TDC) to an “outperform” rating.
Bank of America (NYSE:BAC) upgraded Viacom, Inc. (VIA-B) from a “neutral” rating to a “buy” rating. They have a price target of $62.00 on the company.
Sterne Agee upgraded Old National Bancorp (ONB) from a “neutral” rating to a “buy” rating. They have a price target of $12.50 on the company.
Wedbush upgraded Spirit AeroSystems Holdings, Inc. (SPR) from a “neutral” rating to an “outperform” rating. They have a price target $30.00 on the company.
William Blair upgraded Teradata Co. (TDC) to an “outperform” rating.
Bank of America (NYSE:BAC) upgraded Viacom, Inc. (VIA-B) from a “neutral” rating to a “buy” rating. They have a price target of $62.00 on the company.
Monday, May 2, 2011
Dividend Yields for (OMC) (CMCSA) (CVC) (VIA-B) (IPG)
Indicated dividend yields for Standard & Poor's 500 Index companies Omnicom Group Inc (OMC), Comcast Corp (CMCSA), Cablevision Systems Corp (CVC), Viacom Inc (VIA-B) and Interpublic Group (IPG).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Omnicom Group Inc (OMC) has a dividend yield of 2.03 percent on a declared dividend of $0.25. The payout ratio is 35.1 percent.
Comcast Corp (CMCSA) has a dividend yield of 1.72 percent on a declared dividend of $0.11. The payout ratio is 26.0 percent.
Cablevision Systems Corp (CVC) has a dividend yield of 1.42 percent on a declared dividend of $0.12. The payout ratio is 31.8 percent.
Viacom Inc (VIA-B) has a dividend yield of 1.17 percent on a declared dividend of $0.15. The payout ratio is 23.7 percent.
Interpublic Group (IPG) has a dividend yield of 2.04 percent on a declared dividend of $0.06. The payout ratio is na.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Omnicom Group Inc (OMC) has a dividend yield of 2.03 percent on a declared dividend of $0.25. The payout ratio is 35.1 percent.
Comcast Corp (CMCSA) has a dividend yield of 1.72 percent on a declared dividend of $0.11. The payout ratio is 26.0 percent.
Cablevision Systems Corp (CVC) has a dividend yield of 1.42 percent on a declared dividend of $0.12. The payout ratio is 31.8 percent.
Viacom Inc (VIA-B) has a dividend yield of 1.17 percent on a declared dividend of $0.15. The payout ratio is 23.7 percent.
Interpublic Group (IPG) has a dividend yield of 2.04 percent on a declared dividend of $0.06. The payout ratio is na.
Tuesday, April 26, 2011
Viacom (VIA-B) (RCL) (UCTT) (VCLK) (VLTR) PTs Adjusted
The shares of Viacom, Inc. (NASDAQ: VIA-B), Royal Caribbean Cruises Ltd. (NYSE: RCL), Ultra Clean Holdings, Inc. (NASDAQ: UCTT), ValueClick Inc (NASDAQ: VCLK) and Volterra Semi (NASDAQ: VLTR) were all adjusted April 26.
JPMorgan Chase & Co. (NYSE:JPM) cut its price target on Royal Caribbean Cruises Ltd. (RCL) from $53.00 to $48.00. They have an “Overweight” rating on the travel company.
Piper Jaffray cut their price target on Ultra Clean Holdings, Inc. (UCTT) from $13.50 to $11.00. They have a “Neutral” rating on the firm.
UBS AG (NYSE:UBS) raised their price target on ValueClick Inc (VCLK) to $16.00. They have a “Neutral” rating on the stock.
Wunderlich raised their price target on Viacom, Inc. (VIA-B) from $52.00 to $56.00. They have a “Buy” rating on the entertainment company.
Piper Jaffray raised their price target on Volterra Semi (VLTR) from $22.50 to $25.50. They have a “Neutral” rating on the stock.
JPMorgan Chase & Co. (NYSE:JPM) cut its price target on Royal Caribbean Cruises Ltd. (RCL) from $53.00 to $48.00. They have an “Overweight” rating on the travel company.
Piper Jaffray cut their price target on Ultra Clean Holdings, Inc. (UCTT) from $13.50 to $11.00. They have a “Neutral” rating on the firm.
UBS AG (NYSE:UBS) raised their price target on ValueClick Inc (VCLK) to $16.00. They have a “Neutral” rating on the stock.
Wunderlich raised their price target on Viacom, Inc. (VIA-B) from $52.00 to $56.00. They have a “Buy” rating on the entertainment company.
Piper Jaffray raised their price target on Volterra Semi (VLTR) from $22.50 to $25.50. They have a “Neutral” rating on the stock.
Wednesday, March 30, 2011
Netflix (NFLX), Viacom (VIA-B) in Canadian Streaming Deal
Netflix (Nasdaq:NFLX) and Viacom (NYSE:VIA-B) have entered a deal for the Canadian market to stream a portion of its film library.
The Canadian arm of Netflix just got a little longer, as the company announced a fresh content deal with Viacom's Paramount studio for streaming Up North. This five-year contract, with unspecified financial heft, will stream both new releases and back-catalog films to Canadian subscribers. The deal includes 350 titles, starting with immediate access to Iron Man 2 and The Curious Case of Benjamin Button.
That's far from an all-access pass to Paramount's library, given that IMDB lists more than 3,700 feature films with Paramount among their producers and rightsholders. On the other hand, the Canadian service has been devoid of serious hit material so far, and adding films like Titanic and Wayne's World surely can't hurt the quest to sign up millions of hockey-loving, poutine-cooking subscribers, eh?
And then there's the ally angle. Paramount spokesman Hal Richardson is positively gleeful about this contract, in stark contrast to the verbal barbs Warner CEO Jeff Bewkes has hurled. "We are especially delighted that this arrangement serves to broaden the growing relationship with our friends at Netflix," Richardson said. You won't hear that kind of language from Bewkes anytime soon.
Netflix closed Tuesday at $237.38, gaining $0.06, or 0.03 percent. Viacom closed at $46.27, up $0.79, or 1.74 percent.
Source
The Canadian arm of Netflix just got a little longer, as the company announced a fresh content deal with Viacom's Paramount studio for streaming Up North. This five-year contract, with unspecified financial heft, will stream both new releases and back-catalog films to Canadian subscribers. The deal includes 350 titles, starting with immediate access to Iron Man 2 and The Curious Case of Benjamin Button.
That's far from an all-access pass to Paramount's library, given that IMDB lists more than 3,700 feature films with Paramount among their producers and rightsholders. On the other hand, the Canadian service has been devoid of serious hit material so far, and adding films like Titanic and Wayne's World surely can't hurt the quest to sign up millions of hockey-loving, poutine-cooking subscribers, eh?
And then there's the ally angle. Paramount spokesman Hal Richardson is positively gleeful about this contract, in stark contrast to the verbal barbs Warner CEO Jeff Bewkes has hurled. "We are especially delighted that this arrangement serves to broaden the growing relationship with our friends at Netflix," Richardson said. You won't hear that kind of language from Bewkes anytime soon.
Netflix closed Tuesday at $237.38, gaining $0.06, or 0.03 percent. Viacom closed at $46.27, up $0.79, or 1.74 percent.
Source
Tuesday, March 29, 2011
Netflix (NFLX) Rises 3 Percent on New Content Deals
Netflix (NFLX) inked a couple of new content licensing deals driving up the share price of the stock over 3 percent.
The new deals are to stream video content from Paramount Pictures (NYSE:VIA-B) into Canada, and a second deal with Miramax to stream their video library.
Netflix chief content officer Ted Sarandos said, "We are committed to constantly expanding our selection of top new movies and TV shows for our Canadian members. This agreement will allow them to watch some of the latest hit Paramount films as well as an incredible range of the studio's recent and classic favorites anytime they want. Netflix and Paramount enjoy a great relationship and are proud to bring such a terrific array of films to Netflix members in Canada."
The deal with Paramount is for five years. The combined deals will add over 1,000 titles to the Netflix offerings.
Netflix closed Monday at $237.32, gaining $7.31, or 3.18 percent.
The new deals are to stream video content from Paramount Pictures (NYSE:VIA-B) into Canada, and a second deal with Miramax to stream their video library.
Netflix chief content officer Ted Sarandos said, "We are committed to constantly expanding our selection of top new movies and TV shows for our Canadian members. This agreement will allow them to watch some of the latest hit Paramount films as well as an incredible range of the studio's recent and classic favorites anytime they want. Netflix and Paramount enjoy a great relationship and are proud to bring such a terrific array of films to Netflix members in Canada."
The deal with Paramount is for five years. The combined deals will add over 1,000 titles to the Netflix offerings.
Netflix closed Monday at $237.32, gaining $7.31, or 3.18 percent.
Tuesday, February 22, 2011
Amazon (AMZN) Targets Netflix (NFLX), Launches Streaming Video Service
Amazon.com (NASDAQ:AMZN) rolled out a streaming TV and movie service for its prime customers, taking a direct shot at fast growing rival Netflix (NASDAQ:NFLX).
Amazon announced on Tuesday that its prime customers, who pay $79 a year for free two-day shipping, can choose among 5,000 TV shows and movies such as "Syriana," "Doctor Who: Season 4," and "Analyze This" to stream through computers and devices such as Roku. The streaming video service is available to prime members at no additional cost.
Netflix shares fell 4 percent in opening trade on Tuesday while shares of Amazon were down 1.5 percent.
A representative from Netflix was not immediately available for comment.
The move ramps up the battle among Netflix, Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT), which are all vying to control the living room by letting consumers watch TV shows and movies directly from the Internet to TV sets and other devices like tablet computers.
At the same time, these companies are trying to woo media conglomerates such as Time Warner Inc (NYSE:TWX), Walt Disney (DIS.N), News Corp (NYSE:NWS), Viacom (NYSE:VIA-b) and CBS (NYSE:CBS) for their TV shows and movies.
Rest of Story...
Amazon announced on Tuesday that its prime customers, who pay $79 a year for free two-day shipping, can choose among 5,000 TV shows and movies such as "Syriana," "Doctor Who: Season 4," and "Analyze This" to stream through computers and devices such as Roku. The streaming video service is available to prime members at no additional cost.
Netflix shares fell 4 percent in opening trade on Tuesday while shares of Amazon were down 1.5 percent.
A representative from Netflix was not immediately available for comment.
The move ramps up the battle among Netflix, Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT), which are all vying to control the living room by letting consumers watch TV shows and movies directly from the Internet to TV sets and other devices like tablet computers.
At the same time, these companies are trying to woo media conglomerates such as Time Warner Inc (NYSE:TWX), Walt Disney (DIS.N), News Corp (NYSE:NWS), Viacom (NYSE:VIA-b) and CBS (NYSE:CBS) for their TV shows and movies.
Rest of Story...
Monday, January 24, 2011
News Corp (Nasdaq:NWS-A), CBS (NYSE:CBS), Disney (NYSE:DIS), Viacom (NYSE:VIA) Top Major Media Companies in 2011 Say Nomura
News Corp (Nasdaq:NWS) continues to be the top media pick of Nomura Securities in 2011, which also likes CBS (NYSE:CBS), Disney (NYSE:DIS) and Viacom (NYSE:VIA).
Media companies expected to continue to struggle in 2011 are Scripps Networks (NYSE:SNI) and Discovery (Nasdaq:DISCA), although in the short term Discovery may get a boost for their fourth quarter results, which Nomura raised their estimates on, as well as they did with Disney.
Nomura said, "For calendar 4Q10 earnings, we are raising our EPS estimates for Disney (DIS) and Discovery (DISCA) (lower EBITDA offset by lower marked-to-market equity-based comp) and lowering our estimates. We continue to rate News Corp (NWSA) our top pick for 2011 and reiterate our Buy ratings for CBS Corp (CBS), Disney (DIS) and Viacom (VIA)."
"Since the beginning of 2011, Discovery and Scripps Networks, the two pure-play cable network companies, have underperformed the market and their closest media peers. Year-to-date, DISCA and SNI have lagged the S&P 500 by 603 bps and 1,150 bps, respectively. Conversely, Time Warner and Viacom have performed markedly better - Time Warner currently lags the market by 12 bps while Viacom has outpaced the market by 470 bps."
"This month’s slide appears to have been triggered by comments made at a recent industry conference at which Scripps Networks' management noted 4Q10 advertising would unlikely match the prior quarter’s growth rate due in part to ratings softness at its networks. Scripps Networks, which posted impressive mid-to-high teen growth ex-Travel Channel through the first three quarters of 2010, seems to finally be slowing down. We are lowering our underlying advertising growth estimate for 4Q to a still-respectable +13.4% down from our last published estimate of +19.6% (see the end of this report for a detailed 4Q preview). Due primarily to that change, we are reducing our estimates by $0.03 and now project SNI will report 4Q10 EPS of $0.68 vs. consensus of $0.70.
"Disney will report F1Q11 earnings after the market close on Tuesday, February 8th. We anticipate Disney will start its fiscal year strongly and are increasing our F1Q11E EPS to $0.58, $0.02 ahead of consensus and our prior $0.56 estimate.
"Discovery Communications will report 4Q10 earnings before the market opens on Friday, February 11th. We believe Discovery will have an in-line quarter, as some ratings weakness should limit the usual outperformance investors expect from the company. We project EPS of $0.51, a penny below consensus driven by +8% revenue growth (vs. +9% previously) and +19.5% EBITDA growth (vs. +21.8% previously).
News Corp. was trading at $17.53, gaining $0.62, or 3.67 percent, as of 2:02 PM EST. CBS was at $20.80, up $0.10, or 0.48 percent. Disney was trading at $39.89, gaining $0.15, or 0.38 percent. Viacom was trading at $48.45, up $0.24, or 0.50 percent.
Media companies expected to continue to struggle in 2011 are Scripps Networks (NYSE:SNI) and Discovery (Nasdaq:DISCA), although in the short term Discovery may get a boost for their fourth quarter results, which Nomura raised their estimates on, as well as they did with Disney.
Nomura said, "For calendar 4Q10 earnings, we are raising our EPS estimates for Disney (DIS) and Discovery (DISCA) (lower EBITDA offset by lower marked-to-market equity-based comp) and lowering our estimates. We continue to rate News Corp (NWSA) our top pick for 2011 and reiterate our Buy ratings for CBS Corp (CBS), Disney (DIS) and Viacom (VIA)."
"Since the beginning of 2011, Discovery and Scripps Networks, the two pure-play cable network companies, have underperformed the market and their closest media peers. Year-to-date, DISCA and SNI have lagged the S&P 500 by 603 bps and 1,150 bps, respectively. Conversely, Time Warner and Viacom have performed markedly better - Time Warner currently lags the market by 12 bps while Viacom has outpaced the market by 470 bps."
"This month’s slide appears to have been triggered by comments made at a recent industry conference at which Scripps Networks' management noted 4Q10 advertising would unlikely match the prior quarter’s growth rate due in part to ratings softness at its networks. Scripps Networks, which posted impressive mid-to-high teen growth ex-Travel Channel through the first three quarters of 2010, seems to finally be slowing down. We are lowering our underlying advertising growth estimate for 4Q to a still-respectable +13.4% down from our last published estimate of +19.6% (see the end of this report for a detailed 4Q preview). Due primarily to that change, we are reducing our estimates by $0.03 and now project SNI will report 4Q10 EPS of $0.68 vs. consensus of $0.70.
"Disney will report F1Q11 earnings after the market close on Tuesday, February 8th. We anticipate Disney will start its fiscal year strongly and are increasing our F1Q11E EPS to $0.58, $0.02 ahead of consensus and our prior $0.56 estimate.
"Discovery Communications will report 4Q10 earnings before the market opens on Friday, February 11th. We believe Discovery will have an in-line quarter, as some ratings weakness should limit the usual outperformance investors expect from the company. We project EPS of $0.51, a penny below consensus driven by +8% revenue growth (vs. +9% previously) and +19.5% EBITDA growth (vs. +21.8% previously).
News Corp. was trading at $17.53, gaining $0.62, or 3.67 percent, as of 2:02 PM EST. CBS was at $20.80, up $0.10, or 0.48 percent. Disney was trading at $39.89, gaining $0.15, or 0.38 percent. Viacom was trading at $48.45, up $0.24, or 0.50 percent.
Thursday, January 13, 2011
Viacom (NYSE:VIA-B) Disney (NYSE:DIS) Scripps Networks (NYSE:SNI): News Corp (Nasdaq:NWSA), CBS (NYSE:CBS) Most Potential in Entertainment Says Barcla
Barclays gave a review of entertainment stocks in the U.S., and those considered to have the best potential in 2011 are Viacom (NYSE:VIA-B) Disney (NYSE:DIS) Scripps Networks (NYSE:SNI): News Corp (Nasdaq:NWSA) and CBS (NYSE:CBS).
They said "We remain constructive on the Entertainment group, as (1) we believe in the strength of the U.S. advertising recovery; (2) we believe 2011E Street estimates are achievable; and (3) we continue to believe valuation is undemanding relative to Consumer stocks."
Comments:
Viacom (VIA-B): Trades at most attractive EV/EBITDA, P/E, and P/FCF valuations and at the largest discount relative to historical valuation.
Disney (DIS): Operates best-in-class asset portfolio. A recovery at the Parks & Resorts segment, which is mid-cycle in nature, offers upside potential.
Scripps Networks (SNI): Strongest organic growth, continued outperformance from the Travel Channel, opportunities for international expansion, and the potential purchase of the outstanding portion of the Food Network.
News Corp (NWSA): Attractive valuation relative to US Entertainment and historical multiples. An acquisition of BSkyB, assuming it goes through, would improve News Corp's asset mix and increase the efficiency of its free cash flow generation.
CBS (CBS): Offers the most exposure to a cyclical rebound. Strong ratings at the network and retransmission consent fees keep us constructive on the TV network business.
Time Warner (NYSE:TWX): Least exposure to the advertising recovery; while valuation is reasonable, structural growth upside less likely given maturity of assets.
Discovery (Nasdaq:DISCA): Continues to trade at the highest valuation multiple in the group. While we expect Discovery to generate above-average growth in 2011, growth is decelerating and programming costs rising.
Viacom was trading at $41.09, down $0.13, or 0.32 percent, as of 2:40 PM EST. Disney was at $39.21, up $0.04, or 0.10 percent. Scripps was trading at $47.48, down $0.35, or 0.73 percent. News Corp. was at $14.18, down $0.18, or 1.25 percent. CBS was at $19.81, up 0.02, or 0.13 percent. Time Warner was trading at $33.66, down $0.03, or 0.15 percent. Discovery Communications was at $38.84, down $0.82, or 2.07 percent.
They said "We remain constructive on the Entertainment group, as (1) we believe in the strength of the U.S. advertising recovery; (2) we believe 2011E Street estimates are achievable; and (3) we continue to believe valuation is undemanding relative to Consumer stocks."
Comments:
Viacom (VIA-B): Trades at most attractive EV/EBITDA, P/E, and P/FCF valuations and at the largest discount relative to historical valuation.
Disney (DIS): Operates best-in-class asset portfolio. A recovery at the Parks & Resorts segment, which is mid-cycle in nature, offers upside potential.
Scripps Networks (SNI): Strongest organic growth, continued outperformance from the Travel Channel, opportunities for international expansion, and the potential purchase of the outstanding portion of the Food Network.
News Corp (NWSA): Attractive valuation relative to US Entertainment and historical multiples. An acquisition of BSkyB, assuming it goes through, would improve News Corp's asset mix and increase the efficiency of its free cash flow generation.
CBS (CBS): Offers the most exposure to a cyclical rebound. Strong ratings at the network and retransmission consent fees keep us constructive on the TV network business.
Time Warner (NYSE:TWX): Least exposure to the advertising recovery; while valuation is reasonable, structural growth upside less likely given maturity of assets.
Discovery (Nasdaq:DISCA): Continues to trade at the highest valuation multiple in the group. While we expect Discovery to generate above-average growth in 2011, growth is decelerating and programming costs rising.
Viacom was trading at $41.09, down $0.13, or 0.32 percent, as of 2:40 PM EST. Disney was at $39.21, up $0.04, or 0.10 percent. Scripps was trading at $47.48, down $0.35, or 0.73 percent. News Corp. was at $14.18, down $0.18, or 1.25 percent. CBS was at $19.81, up 0.02, or 0.13 percent. Time Warner was trading at $33.66, down $0.03, or 0.15 percent. Discovery Communications was at $38.84, down $0.82, or 2.07 percent.
Thursday, January 6, 2011
2011 Previews of News Corp. (NASDAQ:NWSA), Cablevision (NYSE:CVC), Comcast (NYSE:CMCSA), Time Warner Cable (NYSE:TWC), Netflix (NASDAQ:NFLX), Sirius (NASDAQ:SIRI), DreamWorks (NYSE:DWA), Viacom (NYSE:VIA.B)
News Corp. (NASDAQ:NWSA), Cablevision (NYSE:CVC), Comcast (NYSE:CMCSA), Time Warner Cable (NYSE:TWC), Netflix (NASDAQ:NFLX), Sirius (NASDAQ:SIRI), DreamWorks (NYSE:DWA) and Viacom (NYSE:VIA.B) got previews from S&P Equity Research analyst Tuna Amobi, in an industry that appears to be finally working its way out of a long drought.
Here's what Amobi sees 2011 bringing:
News Corp. prevailing in its bid for majority ownership of BSkyB, and the company cutting its losses with MySpace.
Advancements will be made in terms of interactive advertising, as cable operators including Cablevision. Comcast and Time Warner Cable start to leverage a growing base of EBIF-enabled U.S. households.
Netflix Inc. will likely see one or more film studios to sign relatively long-term streaming rights deals for content, which may come from the independents.
Sirius XM will sees progress in the used car segment to finally start showing growth through its automotive subscriber base. Also the new year will bring about the advent of "Sirius 2.0."
Comcast's deal for General Electric's NBC Universal should pass regulatory obstacles with a few unusual conditions.
DreamWorks Animation and Viacom's Paramount Pictures will sign a new, multi-year distribution agreement, to extend beyond the 2012 end of their current pact.
Here's what Amobi sees 2011 bringing:
News Corp. prevailing in its bid for majority ownership of BSkyB, and the company cutting its losses with MySpace.
Advancements will be made in terms of interactive advertising, as cable operators including Cablevision. Comcast and Time Warner Cable start to leverage a growing base of EBIF-enabled U.S. households.
Netflix Inc. will likely see one or more film studios to sign relatively long-term streaming rights deals for content, which may come from the independents.
Sirius XM will sees progress in the used car segment to finally start showing growth through its automotive subscriber base. Also the new year will bring about the advent of "Sirius 2.0."
Comcast's deal for General Electric's NBC Universal should pass regulatory obstacles with a few unusual conditions.
DreamWorks Animation and Viacom's Paramount Pictures will sign a new, multi-year distribution agreement, to extend beyond the 2012 end of their current pact.
Monday, November 22, 2010
Viacom (VIA-B) Gaining on Increased Advertising Revenue
Advertising revenue is again driving results for Viacom (NYSE:VIA-B), as new client money enters the fold and current advertisers raise their spend.
Nomura Securities said, "Our analysis of Viacom’s advertiser base in CY3Q:10 shows that the improvement in growth was fueled by a combination of strong increases by Viacom’s endemic advertisers and the introduction of new client money...In FY2011, we now estimate domestic ad growth of 7.5% skewed more to the early half of the fiscal year. As mentioned above, Viacom is benefitting from the return of core ad clients and the arrival of new ones. Given the relative attractive valuation of Viacom vs. cable network pure plays, we believe investors will continue rotating into Viacom if ad growth meets our forecast."
Earnings per share for full year 2011 was increased from $3.28 to $3.35 and for full year 2012 from $3.64 to $3.76. Nomura maintains their "Buy" rating on the entertainment company.
Viacom closed Friday at $38.39, falling by $0.06, or 0.16 percent. Nomura has a price target of $46 on them.
Nomura Securities said, "Our analysis of Viacom’s advertiser base in CY3Q:10 shows that the improvement in growth was fueled by a combination of strong increases by Viacom’s endemic advertisers and the introduction of new client money...In FY2011, we now estimate domestic ad growth of 7.5% skewed more to the early half of the fiscal year. As mentioned above, Viacom is benefitting from the return of core ad clients and the arrival of new ones. Given the relative attractive valuation of Viacom vs. cable network pure plays, we believe investors will continue rotating into Viacom if ad growth meets our forecast."
Earnings per share for full year 2011 was increased from $3.28 to $3.35 and for full year 2012 from $3.64 to $3.76. Nomura maintains their "Buy" rating on the entertainment company.
Viacom closed Friday at $38.39, falling by $0.06, or 0.16 percent. Nomura has a price target of $46 on them.
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