Barclays Revises Estimates On 11 Internet & Media Companies - AMC Enter Hldgs (NYSE:AMC)

In a report published Friday, Barclays analyst Kannan Venkateshwar briefly commented on the growing surge of popularity of Internet video and how investors can gain exposure to the theme while also updating investors on 11 stocks under coverage. According to Venkateshwar, 40 percent of U.S. homes have access to at least one OTT (over-the-top) platform which gives them the ability to access content on their TV through an Internet stream. As such, the proportion of time spent on the Internet has nearly tripled from 13 percent in 2009 to 37 percent in 2014. The analyst did note, however, that the data still concludes the scale of viewership on OTT is still "materially" smaller than TV.

U.S. Cable & Satellite Communications Estimate Revisions

Shares of AMC Entertainment Holdings Inc AMC were maintained with an Overweight rating with an unchanged $30 price target.
Shares of Gannett Co., Inc. GCI were maintained with an Equal-Weight rating with a price target raised to $28 from a previous $27.
Shares of Liberty Media Corp LMCA were maintained with an Overweight rating with a price target maintained at $44.
Shares of New York Times Co NYT were maintained with an Equal-Weight rating with a price target lowered to $14 from a previous $15.
Shares of TiVo Inc. TIVO were maintained with an Equal-Weight rating with an unchanged $13 price target.

U.S. Media Estimate Revisions

Shares of CBS Corporation CBS were maintained with an Equal-Weight rating with a price target lowered to $53 from a previous $55.
Shares of Discovery Communications Inc. DISCA were maintained with an Overweight rating with a price target lowered to $34 from a previous $35.
Shares of Time Warner Inc TWX were maintained with an Equal-Weight rating with a price target raised to $80 from a previous $79.
Shares of Twenty-First Century Fox Inc FOXA were maintained with an Overweight rating with a price target lowered to $39 from a previous $42.
Shares of Viacom, Inc. VIA were maintained with an Underweight rating with a price target maintained at $67.
Shares of Walt Disney Co DIS were maintained with an Equal-Weight rating with a price target raised to $94 from a previous $90.

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