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Stock Market & Financial Investment News

News Breaks
January 27, 2014
14:21 EDTTWC, CMCSK, CHTR, CMCSAEarnings 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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August 27, 2015
06:40 EDTCMCSA, CMCSKNielsen to start tracking for online streaming shows, WSJ reports
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August 26, 2015
10:01 EDTCMCSAComcast Cable accepting proposals for two Hispanic-American owned networks
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09:02 EDTTWCTime Warner Cable Business named as national vendor by MiCTA
Time Warner Cable Business Class announced the company has been selected as an approved national vendor for MiCTA, an association representing non-profit groups, including schools, healthcare, government and other organizations. The approved vendor status allows MiCTA members to take advantage of fiber-delivered Ethernet services and Dedicated Internet Access offered by TWCBC, at a pre-negotiated rate. This also eliminates the need for members to conduct their own competitive bidding for services, which makes procurement streamlined, easier and more time-efficient.
August 25, 2015
19:16 EDTCMCSA, CMCSKTV service Hulu to feature programmatic ads powered by Facebook, Oracle
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13:59 EDTCMCSK, CMCSAHouzz acquires GardenWeb from NBCUniversal
Houzz, a start-up that operates a platform for home remodeling and design, announced on its corporate blog that it has completed the acquisition of the GardenWeb home and gardening community from Comcast's NBCUniversal. Reference Link
08:33 EDTCMCSK, CMCSAComcast expands advanced fiber network to Meyers Business Park
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07:07 EDTCMCSK, CMCSAComcast to increase speeds for Xfinity Twin Cities area customers
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August 23, 2015
16:22 EDTCMCSA, CMCSK'Straight Outta Compton' finds little contention for No. 1 box office spot
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August 21, 2015
13:11 EDTCMCSA, CMCSKFly Watch: 'Straight Outta Compton' eyes second weekend at top spot
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August 20, 2015
06:10 EDTCMCSK, CMCSAWeather Channel said to hire banks to explore sale, Bloomberg reports
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August 19, 2015
10:20 EDTTWC, CHTR, CMCSK, CMCSABig telecom firms put M&A on hold, CTFN reports
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10:00 EDTCHTR, CMCSAOn The Fly: Analyst Upgrade Summary
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09:13 EDTCMCSK, CMCSAComcast upgraded to Buy from Neutral at MoffettNathanson
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07:58 EDTCHTRCharter upgraded to Buy from Neutral at MoffettNathanson
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August 18, 2015
16:49 EDTCHTR, CMCSA, CMCSKOn The Fly: Top stock stories for Tuesday
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10:17 EDTTWC, CMCSA, CHTRDisney downgraded as Wells moves away from content providers
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08:04 EDTCMCSA, CMCSKBuzzFeed says NBCUniversal to make $200M equity investment in company
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August 17, 2015
20:09 EDTCMCSA, TWC, CHTR, CMCSKCable companies test virtual reality offerings, Variety says
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19:54 EDTCMCSK, CMCSAComcast online video platform to give creators 70% share of ad revenue, WSJ says
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August 16, 2015
16:59 EDTCMCSK, CMCSA'Straight Outta Compton' sidesteps rivals in $56.1M weekend debut
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