For Immediate Release
Chicago, IL – August 21, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Viacom Inc. (VIAB - Free Report) , CBS Corp. (CBS - Free Report) , Time Warner Inc. (TWX - Free Report) , News Corp. (NWSA - Free Report) , and Walt Disney Co. (DIS - Free Report) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Monday’s Analyst Blog:
Reiterating Viacom at Neutral
Viacom Inc. (VIAB - Free Report) posted disappointing results for the third quarter of fiscal 2012. Both the top-and bottom-lines fell below the Zacks Consensus Estimates. Advertising revenue (both domestic and international) dropped significantly, primarily due to serious concerns regarding the weak viewership ratings of its flagship Nickelodeon and MTV channels. Similarly, customers’ responses to new box-office releases of Paramount Pictures were lukewarm.
However, there are several positive factors that still remain for Viacom. Management is hopeful that its affiliate fee revenue will accelerate in fiscal 2013 and that its advertising revenue will improve in the ensuing fourth quarter. Further, Viacom is generating strong free cash flow enabling the company to raise its dividend rate and to pursue a systematic share repurchase program. We believe Viacom is currently fully valued and therefore, reaffirm our Neutral recommendation.
Viacom benefits from a well-balanced asset mix with entertainment content at its core. The company enhanced its brands worldwide through the creation and acquisition of hit programs, new channels, successful motion pictures and other forms of entertainment, including video game offerings.Viacom competes with CBS Corp. (CBS - Free Report) , Time Warner Inc. (TWX - Free Report) , News Corp. (NWSA - Free Report) , and Walt Disney Co. (DIS - Free Report) to name a few.
An improving U.S. economy together with Viacom’s disciplined management team continue to make us optimistic about the company’s future growth prospects. We believe that Viacom is well positioned for long-term growth as it continues to benefit from its predominately cable networks-based business model, hit movie releases, and monetization of contents from multiple distribution platform.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: https://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: https://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at https://at.zacks.com/?id=5518.
Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339