Time Warner Announces their First IP Set Top Box and YELP Upgraded to “BUY” at Citigroup
Time Warner Cable Inc. (NYSE: TWC) announced the development of its first IP set-top box that integrates the Reference Design Kit (RDK) platform. Time Warner Cable is working with Humax, digital set-top box manufacturers, to create the IP-based set-top box that features its next generation cloud navigator. “We’re very excited as this is the first implementation of the RDK for Time Warner Cable and steers us towards the future of an all IP service,” said Matthew Zelesko, Time Warner Cable’s Senior Vice President, Converged Technology Group. “The RDK continues to evolve thanks to the collaboration and joint efforts of the RDK community. We look forward to the continued development of the RDK and will work together to enhance it as a strategic platform for next generation set-top boxes and devices.” The stock was also upgraded to "outperform" by Wells Fargo.
Time Warner Cable Inc., together with its subsidiaries, offers video, high-speed data, and voice services in the United States. It provides various residential services that comprise video services, including video on demand, digital video recorder, and start over and look back services; high-speed data services that include communication tools and personalized services, such as email, PC security, parental controls, and online radio services; voice services that comprise local and long distance calling throughout the United States, Canada, and Puerto Rico; and IntelligentHome, a next-generation home automation and monitoring service. In addition, the company provides business services that comprise data services, including Internet access, network services, and wholesale transport services; and video services, such as various video programming tiers and music services.
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Yelp, Inc. (NYSE: YELP) was upgraded to "buy" from "neutral" at Citigroup with the firm saying it changed Yelp's rating after a recent pull back in shares created a buying opportunity. The company’s share price has entered into oversold territory with an RSI value of 28.1 according to The Zacks Consensus Estimate. Yelp Inc has a Zacks Rank #2 (Buy), suggesting that now might be a good time to get in after its recent drop.
Yelp Inc. operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. The company’s local advertising services include free online business account that enables businesses to view business trends, use the revenue estimator tool, message customers, update information, and offer Yelp deals and gift certificates; enhanced listing solution, which eliminates search advertising from the businesses profile pages and allows to incorporate a video clip or photo slide show on the pages; search and other ads services; and call to action, a feature that allows businesses to promote various transaction. It also offers brand advertising solutions, such as traditional display advertising comprising graphic and text display advertisements on company’s Website and mobile applications; and brand sponsorships for various national brands from automobile, financial services, logistics, consumer goods, and health and fitness industries comprising traditional display advertising.
Get more information on Yelp, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/YELP
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