Netflix (NASDAQ:NFLX) Visiting India Right Now And Has Reported Three Major Partnerships In Country

Netflix, Inc. (NASDAQ:NFLX) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.01% to $141.94. CEO of Netflix (NFLX) Reed Hastings is visiting India right now and has reported three major partnerships in the country. With both Airtel and Videocon d2h Direct to Home (DTH) services, Netflix is now going to be accessible through the set-top box, without the need of a smart TV or another dongle like Chromecast and Apple TV.

Netflix has also partnered with Vodafone to enable carrier billing so both postpaid and prepaid consumers can pay for their Netflix subscriptions as a part of their monthly bill/ prepaid balance. “India is one of the most important and vibrant countries in the world, and we are delighted to be teaming up with three of its leading companies to make it much easier for consumers to enjoy Netflix,” said Hastings.

“In the months and years to come, we look forward to bringing our Indian members more compelling stories from all over the world, and ever-improving viewing experience, and incredible joy.” The share price of NFLX attracts active investors, as stock price of week volatility recorded 1.64%. The stock is going forward to its 52-week low with 67.98% and lagging behind from its 52-week high price with -2.75%.

The Interpublic Group of Companies, Inc. (NYSE:IPG) [Trend Analysis] climbed reacts as active mover, shares a gain 0.12% to traded at $24.25 and the percentage gap between open changing to regular change was -0.74%. GlancyProngay& Murray LLP reported an investigation on behalf of The Interpublic Group of Companies, Inc. (NYSE:IPG) investors concerning the Company and its officers’ possible violations of federal securities laws.

On December 6, 2016, The Wall Street Journal declared that the U.S. Department of Justice was investigating IPG, noting that the Company possibly steered commercial production business to their in-house production units over independent companies by rigging the bidding process. On this news, shares of IPG fell over 3% on December 6, 2016. Shortly thereafter, on December 16, 2016, The Wall Street Journal disclosed that IPG acknowledged that it was contacted by the Justice Department’s antitrust division, which requested documents related to the Company’s video production practices. The firm’s current ratio calculated as 1.00 for the most recent quarter.

The firm past twelve months price to sales ratio was 1.22 and price to cash ratio remained 8.73. As far as the returns are concern, the return on equity was recorded as 30.80% and return on investment was 18.90% while its return on asset stayed at 5.10%. The firm has total debt to equity ratio measured as 0.84.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

Leave a Reply

Your email address will not be published. Required fields are marked *