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Stock Market & Financial Investment News

News Breaks
January 27, 2014
14:21 EDTCHTR, CMCSA, TWC, CMCSKEarnings Preview: Comcast, Charter deal in focus ahead of Q4 report
Comcast (CMCSA, CMCSK) is set to report fourth quarter earnings before the market open on Tuesday, January 28, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. EXPECTATIONS: Analysts are looking for EPS of 68c on revenue of $16.62B, according to First Call. The consensus range for EPS is 62c-79c on revenue of $16.32B-$16.84B. LAST QUARTER: Comcast reported Q3 EPS of 65c against estimates for 61c, on revenue of $16.2B against estimates for $16.25B. Comcast reported free cash flow rose 30% in Q3 to $1.97B. COMPANY NEWS: During the quarter, a number of reports linked Comcast to a possible bid for Time Warner Cable (TWC). The most recent report from Bloomberg suggested that Comcast and Charter Communications (CHTR) are near a bid for Time Warner Cable assets. A number of reports suggested Comcast and Charter could execute a joint bid for Time Warner Cable, with the possibility of Comcast launching a solo bid for Time Warner Cable largely dismissed. A report earlier today said that Comcast’s NBC is seen as a lead bidder for the NFL’s package of Thursday night games, which would add to the network’s Sunday night NFL broadcast, which has rated as the top program among 18-49 year olds for six consecutive fall TV seasons. STREET RESEARCH: Wall Street research on Comcast has been generally positive during the quarter. After Comcast’s Q3 report, analysts at Brean Capital said investors should sell Time Warner Cable and buy Comcast, which the firm maintains a Buy rating on. In early December, shares of Comcast were initiated with an Outperform rating and $61 price target at Northland Securities. Later in December, Buckingham initiated coverage of Comcast with a Buy rating and $60 target, and Jefferies assumed coverage of the stock with a Buy rating at $60 price target. Earlier this month, Morgan Stanley raised its rating on Comcast to Overweight from Equal Weight, putting a $63 price target on the stock. PRICE ACTION: Shares of Comcast have gained 10% since its Q3 report, and for the 52-week period ending January 24, Comcast has gained 30%, outpacing the benchmark S&P 500’s 20% gain over the same period. In afternoon trade ahead of its Q4 report, Comcast is up 1.5%.
News For CMCSA;CMCSK;TWC;CHTR From The Last 14 Days
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May 17, 2015
15:37 EDTCMCSK, CMCSAUniversal's 'Pitch Perfect 2' leads U.S. weekend box office with $70.3M
For the weekend of May 17, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pitch Perfect 2" topped domestic box office charts at $70.3M. Time Warner (TWX) subsidiary Warner Bros.' "Mad Max: Fury Road" landed in second place with $44.4M, while Disney's (DIS) "Avengers: Age Of Ultron" came in third with $38.8M. Warner Bros.' "Hot Pursuit" and Universal's "Furious 7" took fourth and fifth place at $5.8M and $3.6M, respectively. Data gathered by Rentrak.
May 15, 2015
10:55 EDTCHTRJANA Partners gives quarterly update on stakes
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06:49 EDTCMCSAComcast giving NBCUniversal access to viewer data, NY Post says
Comcast is going to share viewer data collected by set-top boxes to NBCUniversal, which will be added to NBCUniversal's Audience Targeting Platform, reports the NY Post, citing NBCUniversal's head of advertising sales and client partnerships, Linda Yaccarino. Reference Link
May 13, 2015
12:01 EDTCMCSA, CMCSKAT&T to offer Hulu subscription streaming service to customers
AT&T (T) and Hulu (DIS, CMCSA, FOXA) have signed a deal that will bring the Hulu subscription streaming service to AT&T customers through AT&T's websites and mobile applications. AT&T customers will be able to browse Hulu programs and select the shows they want to watch through an AT&T app for mobile device viewing or an AT&T website for Internet viewing. Combined with a leading TV Everywhere catalog, AT&T customers subscribing to Hulu will have one of the best selections available of current and past season full episodes. AT&T and Hulu also are exploring the possibility of bringing a Hulu app to TV. This offering will become available to AT&T customers later this year. The expanded relationship with Hulu complements AT&T's other over-the-top initiatives, including Otter Media.
11:18 EDTCMCSAComcast sees giving away 6M voice remotes, Hollywood Reporter says
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09:33 EDTCMCSAComcast CEO says 'probably did more licensing than anybody' since buying NBC
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09:24 EDTTWC, CMCSAComcast CEO says does not 'feel need to rush' to pursue other merger deals
Comcast (CMCSA) CEO Brian Roberts is speaking at the MoffettNathanson Research conference regarding the company's scrapped deal to buy Time Warner Cable (TWC).
07:16 EDTCHTR, CMCSA, TWCMoffett Nathanson to hold a summit
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06:55 EDTCMCSAInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:22 EDTCMCSA, CMCSKFacebook introduces Instant Articles, says working with nine launch partners
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May 12, 2015
17:16 EDTCMCSA, CMCSKCenturyLink tests 'Prism' TV in Seattle, Puget Sound Journal says
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12:14 EDTCHTRCharter remains in active talks to acquire Bright House, Bloomberg says
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11:59 EDTTWC, CHTRCharter still in active talks about Bright House acquisition, Bloomberg reports
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08:31 EDTCMCSAApple likely to launch TV video service this year, says Pacific Crest
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06:41 EDTCMCSATV networks touting digital, targeting technologies to marketers, NY Times says
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May 11, 2015
09:02 EDTCMCSK, CMCSAComcast names Michael Cavanagh as CFO
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06:33 EDTCMCSATV networks worried amid tough competition from digital outlets, NY Times says
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May 10, 2015
17:35 EDTCMCSA, CMCSKDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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16:06 EDTTWC, CHTRCharter seeking up to $30B to finance potential Time Warner deal, WSJ says
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May 8, 2015
14:50 EDTCHTR, TWCLiberty Broadband CEO says any Charter-TWC deal would be 'friendly,' WSJ says
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