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The Zacks Analyst Blog Highlights: Comcast, Disney, Verizon and Time Warner

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For Immediate Release

Chicago, IL – November 20, 2017 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Comcast (CMCSA - Free Report) , Disney (DIS - Free Report) , Verizon (VZ - Free Report) and Time Warner (TWX - Free Report) .

Here are highlights from Friday’s Analyst Blog:

Will There Be a Bidding War for 21st Century Fox’s Major Assets?

According to CNBC, media and cable giant Comcast approached 21st Century Fox (FOXA) about potentially acquiring a good portion of its assets. And interestingly, Comcast would want to purchase the same bundle of assets that Disney had talked to Fox about earlier this year.

Those assets include Fox’s movie studio and television production divisions, and its cable networks FX and National Geographic. CNBC’s sources added that Comcast is also interested in the company’s international businesses, like the European pay TV provider Sky, likely to broaden its footprint outside of the U.S.

Shares of FOXA jumped over 6% yesterday in after-hours trading on the news, and are up about 4.3% to $30.58 per share in afternoon trading. However, CMCSA stock is trading down roughly 1.6% in the same time frame.

Just like in a potential deal with Disney, any acquisition by Comcast would be under the same regulatory scrutiny. While no media company can own two broadcast networks, neither of these two conglomerates are interested in buying up all of Fox, said CNBC’s sources.

Fox would still keep its profitable news and sports assets, since the company “is said to believe that a more tightly focused group of properties…could compete more effectively in the current marketplace.”

But it’s not just Comcast and Disney that are apparently interested in scooping up most of Fox. According to Reuters, telecommunications behemoth Verizon is also said to be exploring a deal; its sources said Fox’s assets could give the company ownership of movies and television shows to stream to its mobile subscribers. While a movie studio would be quite a departure for Verizon, content from the likes of Fox could a smart way to spice up its upcoming streaming service as well as boost the company’s targeting advertising.

Of course, no official deal has been laid on the table by any of these companies, and right now, it’s all just talk, rumors, and speculation. But as the U.S. Justice Department preps a lawsuit to block the AT&T-Time Warner merger, it seems a risky time to propose any sort of major industry deal or acquisition.

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release.

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