Walt Disney (DIS) has been upgraded today from “hold” to “buy” by the research analysts at Stifel Nicolaus. Stifel Nicolaus also increased their price target for Walt Disney an even $50 dollars. DIS finished trading to the downside, closing at $41.16.
Walt Disney is slated to release their next earnings report on August 9, 2011 and is estimated to post EPS of 74 cents Their last earnings report was released on May 10, 2011 and announced EPS of 49 cents with revenue totaling 9 billion dollars which was up 5.8 % year to year. DIS is currently trading between its 50 & 200-day moving averages and 2011 is an up year for the company.
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company with operations in five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive Media. The company has market capitalization of $77,477,000,000 and 1,890,154,000 shares outstanding. DIS has a 52-week high of $44.34 with the low being $30.72.
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