KeyBanc analyst Brandon Nispel does not think Comcast (CMCSA) can bid above $42 in all-cash offer for the assets of 21st Century Fox (FOXA) and maintain reasonable leverage ratios, adding that it may be able to go as high as $45 per share in a cash and stock offer. However, a $45 per share bid, split 80/20 cash and stock, would "hardly be accretive" in the next two years and be perceived negatively by Comcast shareholders, he contends. Given this view, Nispel argues the bidding war is approaching an end and he views Disney (DIS) as the likely winner.

Netflix (NFLX) is scheduled to report its first quarter 2024 financial results and business outlook on Thursday, April 18. A video interview... To see the rest of the story go to thefly.com. See Story Here

Morgan Stanley named Comcast as the firm's "Top Pick in the Cable & Satellite" industry and notes that it remains the firm's only Overweight-rated name in the sector. Shares are now down 10% year-to-date despite a stable earnings outlook, says the analyst, who remains confident Comcast can grow broadband ARPU consistent with its historical 3%-4% range in 2024 and beyond. Moderating losses at Peacock and the opening of its new theme park Epic Universe in 2025 should also contribute to consolidated EBITDA growth, the analyst tells investors.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here