Entertainment Stocks In News: Sony Corp (ADR) (NYSE:SNE), The Walt Disney Company (NYSE:DIS), Comcast Corporation (NASDAQ:CMCSA), CBS Corporation (NYSE:CBS), Viacom, Inc. (NASDAQ:VIAB)

Sony Corp (ADR) (NYSE:SNE) will try to increase its hardware sales so that the company can grow its network services business. Sony Corp (ADR) (NYSE:SNE) net profit margin is 1.40% and weekly performance is 1.96%. On last trading day company shares ended up $16.64. Analysts mean target price for the company is $21.51. Sony Corp (ADR) (NYSE:SNE) distance from 50-day simple moving average (SMA50) is -6.74%.

The Walt Disney Company (NYSE:DIS)’s “Frozen” has become the fifth-highest grossing film in box office history, having taken in nearly $1.22 billion worldwide since its November 2013 debut. The film has won two Academy Awards and its soundtrack has sold 2.7 million copies in the U.S. alone. The Walt Disney Company (NYSE:DIS) shares advanced 0.50% in last trading session and ended the day on $83.74. Gross Margin is 22.90% and its return on assets is 8.50%. The Walt Disney Company (NYSE:DIS) quarterly performance is 4.40%.

Comcast Corporation (NASDAQ:CMCSA) and Charter Communications announced that the former Insight Communications co-founder and Chief Executive Officer & 40-year cable-industry veteran- Michael S. Willner has now agreed to serve as the President & the Chief Executive Officer at “SpinCo,”. The latter is the new cable-company that is to be spun-off from CMCSA on completion of the merger between the company and TWC & the Comcast – Charter transactions. Willner will now oversee operations at SpinCo, which will serve around 2.5M customers across Alabama, Kentucky, Indiana, Michigan, Tennessee, Minnesota, & Wisconsin. Comcast Corporation (NASDAQ:CMCSA) shares moved up 0.17% in last trading session and was closed at $52.06 while trading in range of $51.85 – $52.28. Comcast Corporation (NASDAQ:CMCSA) year to date (YTD) performance is 0.64%.

CBS Corporation (NYSE:CBS and CBS.A) announced that Joseph Ianniello, Chief Operating Officer, will participate in a question-and-answer session at the Bank of America Merrill Lynch Global Telecom and Media Conference on Tuesday, June 3, 2014. CBS Corporation (NYSE:CBS) ended the last trading day at $ 60.46. Company weekly volatility is calculated as 2.19% and price to cash ratio as 110.48. CBS Corporation (NYSE:CBS) showed a positive weekly performance of 5.40%.

Shares of Viacom Inc (NASDAQ:VIAB) have been given an average rating of “Buy” by the twenty-three ratings firms that are currently covering the stock, Stock Ratings Network reports. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $90.08. Viacom, Inc. (NASDAQ:VIAB) net profit margin is 18.20% and weekly performance is 1.31%. On last trading day company shares ended up $85.35. Analysts mean target price for the company is $94.29. Viacom, Inc. (NASDAQ:VIAB) distance from 50-day simple moving average (SMA50) is 0.89%.

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