Technicolor (OTCMKTS:TCLRY) Downgrade
In a a note sent to investors on Friday, 21 October, JPMorgan stated it was downgrading Technicolor (OTCMKTS:TCLRY) stock rating from a “Overweight” to a “Neutral”.
It is down 6.83% since March 18, 2016 and is uptrending. It has outperformed by 2.36% the S&P500.
Technicolor SA is engaged in the development of technologies, and the supply of digital production , video and sound postproduction and distribution solutions and services for a range of content creators, pay-television operators, and over-the-top (OTT) and network service providers. The company has a market cap of $2.76 billion. The Firm operates in the media and entertainment industry. It has a 38.39 P/E ratio. The Company’s activities are organized in three operating divisions: Connected Home, Entertainment Services and Technology.
According to Zacks Investment Research, “Technicolor, formerly known as Thomson SA, serves as an international base of entertainment, software, and gaming customers. The Company is a leading provider of production, postproduction, and distribution services to content creators, network service providers and broadcasters. Technicolor engages in film processing; manufacture and distribution of DVDs (including Blu-ray Disc); and supplying set-top boxes and gateways. The Company also operates an Intellectual Property and Licensing business unit.”
TCLRY Company Profile
Technicolor SA, incorporated on February 3, 1988, is engaged in the development of technologies, and the supply of digital production (visual effects and animation), video and sound postproduction and distribution solutions and services for a range of content creators, pay-television operators, and over-the-top (OTT) and network service providers. The Firm operates in the media and entertainment industry. The Company’s activities are organized in three operating divisions: Connected Home, Entertainment Services and Technology. The Connected Home segment includes design and supply of solutions enabling the delivery of digital video entertainment, data, voice and Smart Home services to pay-television operators and network service providers. The Entertainment Services segment includes Production Services and DVD Services divisions. The Technology segment includes Research & Innovation, Patent Licensing, and Trademark and Technology Licensing divisions.
More notable recent Technicolor SA (ADR) (OTCMKTS:TCLRY) news were published by: Reuters.com which released: “Technicolor Q3 group revenues up at 1.14 billion euros” on October 20, 2016, also Reuters.com with their article: “Technicolor H1 net result turns to loss of 52 million euros” published on July 27, 2016, Reuters.com published: “Technicolor confirms 2016 guidance” on April 28, 2016. More interesting news about Technicolor SA (ADR) (OTCMKTS:TCLRY) were released by: Reuters.com and their article: “Ateme extends its range support by integrating Technicolor ‘s technology” published on April 19, 2016 as well as Reuters.com‘s news article titled: “Technicolor gives outlook for FY 2016 and FY 2020” with publication date: February 18, 2016.
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