On May 15, Comcast Corp (CMCSA.O) and Charter Communications, Inc. (NASDAQ:CHTR) said on Thursday that cable veteran Michael Willner will run the cable company that will be spun off as part of a three-way deal that hinges on regulators approving Comcast’s $45 billion takeover of Time Warner Cable Inc (TWC.N). Charter Communications, Inc. (NASDAQ:CHTR) net profit margin is -1.90% and weekly performance is -0.36%. On last trading day company shares ended up $137.46. Analysts mean target price for the company is $145.35. Charter Communications, Inc. (NASDAQ:CHTR) distance from 50-day simple moving average (SMA50) is 7.31%.
Cablevision Systems (NYSE:CVC) Insider Marianne Dolan Weber sold 1,400 shares of Cablevision Systems stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $17.47, for a total transaction of $24,458.00. Following the sale, the insider now directly owns 50,485 shares in the company, valued at approximately $881,973. Cablevision Systems Corporation (NYSE:CVC) shares advanced 0.88% in last trading session and ended the day on $17.15. CVC Gross Margin is 51.30% and its return on assets is 8.40%. Cablevision Systems Corporation (NYSE:CVC) quarterly performance is 4.19%.
Discovery Communications Inc. (NASDAQ:DISCA) announced that President and CEO David Zaslav will present at the 2014 Sanford C. Bernstein Strategic Decisions Conference at 9:00 a.m. EDT on Wednesday, May 28 at The Waldorf Astoria Hotel in New York, NY. Discovery Communications Inc. (NASDAQ:DISCA) shares moved up 1.40% in last trading session and was closed at $73.72, while trading in range of $72.12 – $73.75. Discovery Communications Inc. (NASDAQ:DISCA) year to date (YTD) performance is -18.47%.
Aside from its vote to forward new “Net neutrality” rules, the FCC also voted to effectively raise the amount of spectrum a carrier can own in a market, which might “help tilt the scales” in favor of AT&T (T) or Verizon (VZ) deciding to bid for DISH Network Corp (NASDAQ:DISH), according to The Wall Street Journal’s “Heard on the Street” column. The column also notes that Dish would likely demand a significant premium and that AT&T is reportedly working on a potential bid for rival DirecTV (DTV). DISH Network Corp (NASDAQ:DISH) ended the last trading day at $59.95. Company weekly volatility is calculated as 2.63% and price to cash ratio as 3.07. DISH Network Corp (NASDAQ:DISH) showed a negative weekly performance of -1.12%.
AT&T Inc. agreed to acquire DIRECTV (NASDAQ:DTV) for $49 billion, a deal that would make it a major player in pay television and increase its clout with media companies at a time when video consumption is moving online. DIRECTV (NASDAQ:DTV) shares moved up 1.25% in last trading session and was closed at $86.18, while trading in range of $84.51 – $86.90. DIRECTV (NASDAQ:DTV) year to date (YTD) performance is 24.79%.