The Walt Disney Company (NYSE:DIS) Receives “Hold” Rating On Stock


Dallas, Texas 11/27/2013 (Financialstrend) – Thomson Reuters/Verus downgraded The Walt Disney Company (NYSE:DIS) from a “buy” to a “hold” rating on Monday morning. Numerous other analysts have also weighed in on The Walt Disney Company (NYSE:DIS) stock recently. TheStreet analysts reiterated their “buy” rating on the company shares on shares on 20th November. RBC Capital analyst raised their PT on The Walt The Walt Disney Company (NYSE:DIS) shares from $74.00 to $75.00 on 11th November and have now assigned an “outperform” rating on the company stock.

BMO Capital Markets analysts cut their PT on shares of The Walt Disney Company (NYSE:DIS) from $76.00 on 11th November and have now set an “outperform” rating on the stock. Thirteen investment-analysts have assigned the stock with a “hold “rating, 23 have assigned a “buy” rating and 1 has given a “strong buy” rating to the company. The Walt Disney Company (NYSE:DIS) has an average-rating of “Buy” and the average PT is $73.15.

Tuesday’s trading

Over Tuesday’s trading session, The Walt Disney Company (NYSE:DIS) rose by 2.06 %. The shares opened at a price of $69.92, climbed to the intraday high of $71.69 and headed to a close of $71.18. Around 8.85 million shares were exchanged on Tuesday and an average-volume of 6.27 million shares were traded over a period of 30 days. The 52-week low of The Walt Disney Company (NYSE:DIS) shares is $47.84 and the 52-week high is $71.69. The company has a market capitalization of $125.08 billion.                                        

About the company

The Walt Disney Company (NYSE:DIS) along with its subsidiaries, is a diversified global entertainment company. It  operates in 5 different business segments: 1- Media Networks, 2- Parks and Resorts,3-Studio Entertainment, 4- Consumer Products and 5- Interactive.  On 7th November 2012, it’s sold its 50% equity interest in ESPN STAR Sports. On 21st December 2012, The Walt Disney Company (NYSE:DIS) acquired Lucasfilm Ltd. LLC