Broadcasting Stocks: News Corp (NASDAQ:NWSA), Sinclair Broadcast Group, (NASDAQ:SBGI), LIN MEDIA LLC (NYSE:LIN), Liberty Media (NASDAQ:LMCA)

Posted by on Apr 02, 2014

News Corp (NASDAQ:NWSA) its Chairman Rupert Murdoch and other top officials have won the dismissal of a U.S. lawsuit accusing them of defrauding shareholders by concealing widespread, illegal phone hacking at two of its British newspapers. News Corp (NASDAQ:NWSA) shares after opening at $17.34 moved to $17.50 on last trade day and at the end of the day closed at $17.44. Company price to sales ratio in past twelve months was calculated as 1.14 and price to cash ratio as 3.44. News Corp (NASDAQ:NWSA) showed a positive weekly performance of 0.46%.

Sinclair Broadcast Group (NASDAQ:SBGI) Director Lawrence E. Mccanna unloaded 2,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the director now directly owns 28,625 shares of the company’s stock, valued at approximately $858,750. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) shares fell -0.37% in last trading session and ended the day on $26.99. SBGI return on equity ratio is recorded as 76.50% and its return on assets is 3.50%. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) yearly performance is 36.18%.

The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of LIN Media LLC (NYSE:LIN) in connection with the sale of the Company to Media General, Inc. LIN MEDIA LLC (NYSE:LIN) shares moved up 0.94% in last trading session and was closed at $26.75, while trading in range of $26.38 – $26.93. LIN MEDIA LLC (NYSE:LIN) year to date (YTD) performance is -6.83%.

Liberty Media Corp. (NASDAQ:LMCA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, American Banking & Market News reports. The firm currently has a $140.00 target price on the stock. Zacks‘s price target would indicate a potential upside of 8.11% from the stock’s previous close. Liberty Media Corp (NASDAQ:LMCA) weekly performance is 0.90%. On last trading day company shares ended up $131.75. Liberty Media Corp (NASDAQ:LMCA) distance from 50-day simple moving average (SMA50) is -1.21%. Analysts mean target price for the company is $167.58.

Leave a Reply