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CMCSA

Comcast

$33.86

1.545 (4.78%)

15:40
06/14/18
06/14
15:40
06/14/18
15:40

Comcast calls outpace puts 7:1 as shares rally

Comcast calls outpace puts 7:1 as shares rally. The stock up $1.46 to $33.78 after the company, as expected, made a $65B bid for 21st Century Fox (FOXA) assets and the top option trade in the name is a 10K block of Oct 35 calls for $1.71 when bid-ask was $1.64 to 1.71. 13.7K changed hands - likely upside call buying in anticipation of further gains in the months ahead. But Jun 35 calls, which expire tomorrow, are most active in Comcast with 20K traded. Jul 35, Jun 32.5, Aug 35 calls, and Jun 37.5 calls are heavily traded as well. Total volume is 136K calls and 19K puts. 30-day implied volatility down 8% to 26.5.

CMCSA Comcast
$33.86

1.545 (4.78%)

06/13/18
06/13/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Square (SQ) downgraded to Neutral from Buy at Buckingham with analyst Chris Brendler saying he is taking a "breather" following the year-to-date share outperformance but raised his price target to $65 from $55. 2. Yelp (YELP) downgraded to Sell from Hold at Aegis. 3. AT&T (T) was downgraded to Sell from Neutral at MoffettNathanson while Time Warner (TWX) was downgraded to Neutral from Buy at the firm. Time Warner was also downgraded to Market Perform from Outperform at Barrington. 4. Comcast (CMCSA) downgraded to Market Perform from Outperform at Raymond James. 5. Advaxis (ADXS) downgraded to Hold from Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/14/18
LOOP
06/14/18
NO CHANGE
Target $47
LOOP
Buy
21st Century Fox price target raised to $47 from $43 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on 21st Century Fox (FOXA) to $47 following yesterday's confirmation of a Disney (DIS) counterbid from Comcast (CMCSA), saying he expects "at least one additional bid" from each potential acquirer. He also believe that while a Disney merger "offers more regulatory certainty" and its long-term stock value is superior to that of Comcast, the difference in the higher offer from Comcast is too great, requiring more cash or a stock price collar from the former. Gould keeps his Buy rating on 21st Century Fox.
06/14/18
NOMU
06/14/18
NO CHANGE
Target $40
NOMU
Neutral
Nomura sees 'protracted bidding war' for Fox assets
Nomura Instinet analyst Jeffrey Kvaal expects Disney (DIS) to counter Comcast's (CMCSA) offer for 21st Century Fox's (FOXA) assets, which include Premier League sports rights, premium content, and Hulu stake. He sees the stage being set "for a protracted bidding war." The analyst keeps a Neutral rating on Comcast with a $40 price target.
06/14/18
OPCO
06/14/18
NO CHANGE
Target $42
OPCO
Outperform
Disney likely to top bid for Fox entertainment assets, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that Comcast (CMCSA) has bid $65B for a cash offer for Fox's (FOXA) entertainment assets, a 19% premium to Disney's offer (DIS). The analyst believes it does make strategic/financial sense, and Comcast has a great track record on acquisitions. Further, Horan thinks a joint NBC/Fox would be a content powerhouse while expanding the company's presence in Europe with Sky (SKYAY), and slashing OTT video risk. Nonetheless, the analyst believes Disney is likely to top the bid. He reiterates an Outperform rating and $42 price target on Comcast's shares.

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CVM

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ACM

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General news
Week ending ETF Scorecard: Utilities and Real Estate advance, Industrials slump »

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iShares 20+ Year Treasury Bond Fund

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PFNX

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BXE

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LOGI

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APLS

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MGTX

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FOXA

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FENC

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SBBP

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COOL

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