10.01.2017 13:15:00

Research Reports Initiation on Entertainment Stocks -- IMAX, AMC Networks, Liberty Media, and World Wrestling Entertainment

NEW YORK, January 10, 2017 /PRNewswire/ --

Stock-Callers.com today has lined up the following Diversified Entertainment equities for review: IMAX Corp. (NYSE: IMAX), AMC Networks Inc. (NASDAQ: AMCX), The Liberty Media Group (NASDAQ: LMCK), and World Wrestling Entertainment Inc. (NYSE: WWE). These stocks belong to the Services sector and offer dividend yields that are in-line with the wider market. Learn more about these stocks by downloading their free report at:

http://stock-callers.com/registration

IMAX Corp. 

Mississauga, Canada headquartered IMAX Corp.'s stock finished Monday's session flat at $32.05 with a total trading volume of 744,834 shares. The Company's shares have advanced 10.40% in the previous three months and 2.07% on an YTD basis. The stock is trading 0.63% above its 50-day moving average and 3.25% above its 200-day moving average. Additionally, shares of IMAX, which together with its subsidiaries, operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide, have a Relative Strength Index (RSI) of 55.60.

On January 06th, 2017, IMAX and Regal Entertainment Group announced an expansion of the companies' existing joint revenue sharing agreement to include the installation of 11 additional IMAX® theatres in the US - bringing to 100 theatres Regal's total IMAX network. The expanded agreement provides for an additional two years of operation and an adjusted financial formula for all Regal IMAX joint venture locations. The free research report on IMAX is available at:

http://stock-callers.com/registration/?symbol=IMAX


AMC Networks  

On Monday, shares in New York headquartered AMC Networks Inc. recorded a trading volume of 1.07 million shares, which was above their three months average volume of 943,140 shares. The stock ended the session 2.13% higher at $56.45. The Company's shares have advanced 9.36% in the last month, 9.57% over the previous three months, and 7.85% since the start of this year. The stock is trading 7.31% above its 50-day moving average. Moreover, shares of AMC Networks, which engages in the ownership and operation of various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the US and internationally, have an RSI of 66.46.

On November 03rd, 2016, AMC Networks reported that Q3 2016 net revenues increased 0.4%, or $2 million, to $635 million over Q3 2015. The Company's operating income was $117 million in the reported quarter, a decrease of 26.5%, or $42 million, versus Q3 2015. AMC Network's net income was $65 million ($0.91 per diluted share) for Q3 2016 compared to $73 million ($0.99 per diluted share) in Q3 2015.

On December 19th, 2016, research firm Stifel reiterated its 'Hold' rating on the Company's stock with a decrease of the target price from $60 a share to $56 a share. The complimentary report on AMCX can be downloaded at:


http://stock-callers.com/registration/?symbol=AMCX


Liberty Media  

Shares in Englewood, Colorado headquartered The Liberty Media Group closed the day 3.13% lower at $30.66 with a total trading volume of 260,310 shares. The stock has gained 6.38% in the previous three months. The Company's shares are trading 1.15% and 25.95% above their 50-day and 200-day moving averages, respectively. Additionally, shares of Liberty Media, which together with its subsidiaries, is engaged in a range of media, communications, and entertainment businesses primarily in North America, have an RSI of 47.60.

On December 16th, 2016, Liberty Media Corp. announced that it has received all required approvals from all appropriate anti-trust authorities in connection with its pending acquisition of Formula 1. Closing of the acquisition remains conditioned upon (i) approval by Liberty Media's stockholders of the issuance of Liberty Media Group's shares in connection with the acquisition at a special meeting scheduled for January 17th 2017 and (ii) approval from the Fédération Internationale de l'Automobile, the governing body of Formula 1. Visit us today and download our complete research report on LMCK for free at:

http://stock-callers.com/registration/?symbol=LMCK


World Wrestling Entertainment  

At the close, shares in Stamford, Connecticut headquartered World Wrestling Entertainment Inc. finished 1.63% higher at $18.76. The stock recorded a trading volume of 417,443 shares. The Company's shares have advanced 1.96% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.83% and 0.92%, respectively. 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 54.28.

As per a SEC filing dated December 16th, 2016, World Wrestling Entertainment entered into a purchase agreement on December 12th, 2016, with J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as representatives of the several initial purchasers named therein, to issue and sell $200 million aggregate principal amount of its 3.375% Convertible Senior Notes due 2023 in a private placement to qualified institutional buyers within the meaning of Rule 144A under the Securities Act of 1933. Get free access to your technical report on WWE at:

http://stock-callers.com/registration/?symbol=WWE

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Aktien in diesem Artikel

AMC Networks Inc. (A) 9,03 2,76% AMC Networks Inc. (A)
IMAX Corp. 23,80 3,48% IMAX Corp.