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SKYAY

Sky

$0.00

(0.00%)

, CMCSA

Comcast

$34.75

0.2 (0.58%)

10:21
07/13/18
07/13
10:21
07/13/18
10:21

Comcast publishes Sky offer document, sets August 22 acceptance deadline

On July 11, Comcast (CMCSA) announced the terms of its recommended "superior cash offer" to acquire the entire issued and to be issued share capital of Sky (SKYAY). The offer document containing full terms and conditions of the recommended offer to be made by Comcast Bidco Limited, an indirect wholly-owned subsidiary of Comcast, and the procedures for its acceptance is being published and posted to the shareholders of Sky today, together with the Form of Acceptance. Acceptances to the offer must be received by 1.00 p.m. London time on August 22, 2018, being the first closing date of the offer, unless the acceptance period is extended.

SKYAY

Sky

$0.00

(0.00%)

CMCSA

Comcast

$34.75

0.2 (0.58%)

CMCSK

Comcast

$0.00

(0.00%)

SKYAY Sky
$0.00

(0.00%)

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.
06/26/18
BUCK
06/26/18
INITIATION
BUCK
Neutral
Sky initiated with a Neutral at Buckingham
Earlier today, Buckingham analyst Michael Harrigan initiated Sky (SKYAY) with a Neutral rating and GBP14.50 price target with 3% upside, above Comcast's (CMCSA) GBP12.50 cash bid and a premium to 21st Century Fox's (FOXA) GBP10.75 bid to buy the 61% of Sky it does not already own. The analyst tells investors in a research note that a higher bid assessment could be triggered by the U.K. Takeover Panel exercising its authority to mandate a higher takeout bid if the price paid by Comcast or Disney (DIS) to buy the 21st Century Fox assets that are in play implies a higher bid.
07/13/18
LOOP
07/13/18
NO CHANGE
Target $125
LOOP
Buy
Disney price target lowered to $125 from $130 at Loop Capital
Loop Capital analyst Alan Gould lowered his price target on Disney (DIS) to $125, saying the bidding process for 21st Century Fox (FOXA) and Sky (SKYAY) could see another increase by the company to low $40s per share and up to GBP 15 per share respectively. Gould believes that Disney will end up acquiring both assets, with associated costs lowering its EPS by 18c per share. Longer term, the analyst keeps his Buy rating on Disney, noting that despite its premium valuation, it has "carried an even higher multiple on a similar mid-teens EPS growth rate".
07/13/18
BERN
07/13/18
NO CHANGE
BERN
Bernstein 'not so sure' Comcast will give up on Fox assets
Bernstein analyst Todd Juenger said that it appears that the market is starting to believe Comcast (CMCSA) will give up on its bid to buy assets from 21st Century Fox (FOXA) and focus on Sky (SKYAY), but he said he is "not so sure" that is the case after only one counter from Disney (DIS). He does not believe Comcast would put forth a $35 bid unless it was prepared to bid up to near $45 per share, Juenger tells investors. If Comcast ups its bid, it either wins Fox at a high price or Disney is forced to pay more, which both seem better than giving up to him, Juenger stated. In any case, the "winner" will be left with increased leverage on a cyclical business late in the cycle at a time when it needs to invest significantly to build its direct-to-consumer business, added Juenger.
CMCSA Comcast
$34.75

0.2 (0.58%)

07/02/18
BMOC
07/02/18
NO CHANGE
Target $28
BMOC
Market Perform
Shaw Communications Q3 results mixed, says BMO Capital
BMO Capital analyst Tim Casey says the Q3 earnings of Shaw Communications (SJR) yielded "mixed results", albeit with more "positive momentum" in the wireless segment even as the core wireline business was still weak. The analyst notes that adding the wireless product will improve the company's growth over the long term, adding that the wireline may also start to reflect the go-to-market strategy after the full rollout of Comcast's (CMCSA) X1 platform. Casey keeps his Market Perform rating while nudging his price target on Shaw Communications to $28 from $27.50.
07/10/18
FBCO
07/10/18
INITIATION
Target $36
FBCO
Neutral
Comcast initiated with a Neutral at Credit Suisse
Credit Suisse analyst Douglas Mitchelson initiated Comcast with a Neutral rating and a price target of $36. The analyst says the company has "terrific management and assets generating returns, but broadband is maturing and video & voice are in decline. Mitchelson adds that while the Street is still forecasting 5-6% EBITDA growth for years, investors are beginning to discount Comcast going "ex-growth" soon.
CMCSK Comcast
$0.00

(0.00%)

06/25/18
JEFF
06/25/18
NO CHANGE
Target $41
JEFF
Buy
Potential Fox deal 'largely priced' into Comcast shares, says Jefferies
Jefferies analyst John Janedis told investors in a research note that he has noted healthy ad demand this quarter, and combined with "decent" ratings at key cable networks like Bravo, USA and Oxygen, Comcast's (CMCSA) NBCUniversal appears to be performing well. Janedis, who has a Buy rating and $41 price target on Comcast shares, believes a potential Fox (FOXA) deal is "largely priced" into shares and that the stock will trade higher when the dust settles -- either way. Following Disney's (DIS) $38 per share offer for Fox assets, he thinks a competing offer from Comcast would need to be at least $42.50 per share to be viewed as superior, adding that Comcast likely has options for Fox that include more than a straight cash offer.

TODAY'S FREE FLY STORIES

LECO

Lincoln Electric

$92.26

0.64 (0.70%)

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QCOM

Qualcomm

$58.62

-0.7 (-1.18%)

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HON

Honeywell

$153.17

5.6 (3.79%)

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BAC

Bank of America

$30.12

0.46 (1.55%)

, GE

General Electric

$13.11

-0.62 (-4.52%)

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Bank of America

$30.12

0.46 (1.55%)

GE

General Electric

$13.11

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AMD

AMD

$16.49

-0.22 (-1.32%)

GOOGL

Alphabet Class A

$1,198.05

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F

Ford

$10.56

-0.115 (-1.08%)

QCOM

Qualcomm

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CLF

Cleveland-Cliffs

$9.95

1.12 (12.68%)

HES

Hess Corp.

$64.05

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BSX

Boston Scientific

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CWH

Camping World

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STIM

Neuronetics

$26.27

-0.44 (-1.65%)

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CCRC

China Customer Relations Centers

$8.61

-0.46 (-5.07%)

07:33
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LPTX

Leap Therapeutics

$8.29

-0.23 (-2.70%)

, MKGAY

Merck KGaA

$0.00

(0.00%)

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Leap Therapeutics

$8.29

-0.23 (-2.70%)

MKGAY

Merck KGaA

$0.00

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PFE

Pfizer

$37.33

-0.03 (-0.08%)

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  • 22

    Aug

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    Sep

BLKB

Blackbaud

$117.74

1.31 (1.13%)

07:33
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  • 31

    Jul

BV

BrightView

$21.95

0.14 (0.64%)

07:32
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BrightView initiated  »

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NTR

Nutrien

$52.43

0.43 (0.83%)

07:31
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AMRX

Amneal Pharmaceuticals

$18.52

0.03 (0.16%)

07:31
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  • 09

    Aug

FTSV

Forty Seven

$15.80

0.1 (0.64%)

07:31
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Initiation
Forty Seven initiated  »

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VFC

VF Corp.

$92.95

3.74 (4.19%)

, EXPE

Expedia

$125.50

-2.34 (-1.83%)

07:30
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Options
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VFC

VF Corp.

$92.95

3.74 (4.19%)

EXPE

Expedia

$125.50

-2.34 (-1.83%)

PVG

Pretium Resources

$8.37

0.115 (1.39%)

TSN

Tyson Foods

$64.14

-0.76 (-1.17%)

SN

Sanchez Energy

$4.68

-0.14 (-2.90%)

NYCB

New York Community Bancorp

$11.41

-0.025 (-0.22%)

AN

AutoNation

$48.59

-0.75 (-1.52%)

03/08/13
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  • 26

    Jul

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BJ

BJ's Wholesale

$25.90

0.23 (0.90%)

07:29
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WIX

Wix.com

$104.35

-0.3 (-0.29%)

07:29
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  • 25

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FOXA

21st Century Fox

$46.01

-0.54 (-1.16%)

07:29
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Conference/Events
21st Century Fox to host special shareholder meeting »

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  • 27

    Jul

SNAP

Snap

$13.27

-0.155 (-1.16%)

, SQ

Square

$70.41

0.11 (0.16%)

07:28
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Periodicals
Snap to shutdown Snapcash, end partnership with Square, TechCrunch reports »

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SNAP

Snap

$13.27

-0.155 (-1.16%)

SQ

Square

$70.41

0.11 (0.16%)

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  • 01

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    Aug

EVER

EverQuote

$17.99

0.43 (2.45%)

07:28
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  • 06

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VFC

VF Corp.

$92.95

3.74 (4.19%)

07:27
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SPOT

Spotify

$182.65

0.49 (0.27%)

, P

Pandora

$8.20

0.005 (0.06%)

07:27
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SPOT

Spotify

$182.65

0.49 (0.27%)

P

Pandora

$8.20

0.005 (0.06%)

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SHOP

Shopify

$171.72

0.04 (0.02%)

07:27
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  • 31

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BIIB

Biogen

$358.72

0.55 (0.15%)

07:26
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07:25
07/23/18
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General news
FX Update: The Dollar recovered losses »

FX Update: The Dollar…

GDDY

GoDaddy

$78.49

0.25 (0.32%)

07:24
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07:24
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  • 02

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EVER

EverQuote

$17.99

0.43 (2.45%)

07:23
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Initiation
EverQuote initiated  »

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