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Fly News Breaks for February 19, 2016
DISH, CMCSA, T, ROVI
Feb 19, 2016 | 06:01 EDT
JPMorgan analyst Sterling Auty raised his price target for Rovi shares to $34 after hosting meetings with management and keeps an Overweight rating on the name. A higher valuation multiple is warranted given the previously announced AT&T/DirecTV (T) deal, confidence that the Comcast (CMCSA) and DISH (DISH) deals are renewed, and improving momentum in the product business, Auty tells investors in a research note.
News For ROVI;T;CMCSA;DISH From the Last 2 Days
CMCSA
Apr 26, 2024 | 08:57 EDT
Scotiabank lowered the firm's price target on Comcast to $47.25 from $50 and keeps a Sector Perform rating on the shares. The company's broadband subscriber base continues to have elevated pressures, the analyst tells investors. In the upcoming quarters, broadband loading is expected to remain negative and potentially accelerate as fixed wireless access operators expand coverage in areas, the firm says. Scotiabank believes multiples will not expand until pressure on broadband subs diminish, the firm adds.
CMCSA
Apr 25, 2024 | 16:42 EDT
Pivotal Research analyst Jeffrey Wlodarczak lowered the firm's price target on Comcast (CMCSA) to $48 from $55 and keeps a Buy rating on the shares. Comcast reported an-line Q1 results but the competitive environment appears to be intensifying, the analyst tells investors in a research note. The firm believes there is an "outside shot" that Comcast could make a play for Warner Bros. Discovery (WBD) "given it can probably get the asset relatively inexpensively and it would clearly boost their scale in content," says Pivotal.
T
Apr 25, 2024 | 09:28 EDT
Scotiabank raised the firm's price target on AT&T to $22.50 from $22 and keeps an Outperform rating on the shares. The companies continued execution of simplifying and streamlining operations continues to bear fruit, the analyst tells investors. While the wireless market remains competitive, reduced handset subsidies and positive pricing actions are leading to improved overall profitability metrics, the firm adds.
CMCSA
Apr 25, 2024 | 08:53 EDT
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