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CMCSK

Comcast

$0.00

(0.00%)

, CMCSA

Comcast

$44.27

-0.27 (-0.61%)

13:25
11/18/19
11/18
13:25
11/18/19
13:25

Altitude Sports files antitrust suit against Comcast

Altitude Sports & Entertainment, the official television network of the Denver Nuggets and Colorado Avalanche, filed a complaint in the U.S. District Court for the District of Colorado against Comcast Corporation and Comcast Cable Communications, LLC alleging that Comcast is illegally using its monopoly power in the Denver region to drive Altitude out of business, take over its license to air Nuggets and Avalanche games, and overcharge customers. The Denver region includes Colorado, Nebraska, Wyoming, and seven other states. Comcast, which reaches more than 50 percent of the television-watching homes in the Denver region, carried the Altitude network until August 31, 2019, when Comcast blacked out the network after Altitude refused to concede to predatory demands. Despite blocking their customers from watching Nuggets and Avalanche games, Comcast has continued to charge Denver-region families significant "Regional Sports" fees to provide them that coverage. Colorado Attorney General Phil Weiser recently announced that he is investigating Comcast's practice of charging its customers to watch games that Comcast is not actually showing. Based in Denver, Altitude and its parent, Kroenke Sports & Entertainment, employ a few thousand people across the Denver region. Altitude's complaint explains that Comcast has insisted on paying unjustifiably below-market fees to Altitude while unfairly charging Denver-region families to watch Altitude. Comcast has even demanded price increases to customers who want to watch Altitude, requiring Denver-region families to buy special premium packages that would mean many Denver-region families could not afford to watch their teams.

CMCSK

Comcast

$0.00

(0.00%)

CMCSA

Comcast

$44.27

-0.27 (-0.61%)

  • 09

    Dec

CMCSK Comcast
$0.00

(0.00%)

07/29/19
FBCO
07/29/19
NO CHANGE
FBCO
Credit Suisse sees virtually no impact for AT&T, Verizon from Dish near-term
Following the Justice Department's settlement with T-Mobile (TMUS) and Sprint (S), Credit Suisse analyst Douglas Mitchelson notes that for Altice USA (ATUS), the settlement requires mobile virtual network operator contracts to be extended through at least 7 years post closing, which he views as a "significant positive" for Altice. For cable broadly, Dish (DISH) would represent an "intriguing option" for entry into the wireless business longer-term if CEO decided to sell the company, he contends. The analyst would expect that Comcast (CMCSA) and Charter (CHTR) would wait until the point where wireless pricing and valuations are thought to have bottomed. For AT&T (T) and Verizon (VZ), Mitchelson sees virtually no impact from Dish the next few years as the company will be just focused on scaling marketing of its T-Mobile MVNO while building its wireless network. Longer-term, while Dish might be in a position to deflate wireless pricing, AT&T and Verizon should still have superior coverage, network density, backhaul, scale, and quality of service, he adds.
08/14/19
MACQ
08/14/19
DOWNGRADE
Target $31
MACQ
Neutral
Viacom downgraded to Neutral from Outperform at Macquarie
Macquarie analyst Tim Nollen downgraded Viacom (VIAB) to Neutral from Outperform and keeps a Neutral rating on CBS (CBS) shares after the two companies announced a merger deal with no premium for Viacom following "3 years of on again/off again merger discussions amidst wrenching change in the industry." While he believes the deal's strategic positives outweigh the risks, Nollen said integration might not be easy and that ViacomCBS will still be "small-ish" compared with competitors Comcast (CMCSA) and Disney (DIS). He lowered his price target on Viacom shares to $31 from $37 and cut his price target on CBS shares to $53 from $55.
09/19/19
RSBL
09/19/19
NO CHANGE
Target $134
RSBL
Buy
Roku pullback an 'overreaction' to Comcast's free streaming box, says Rosenblatt
Rosenblatt analyst Mark Zgutowicz said yesterday's weakness in Roku (ROKU) shares was related to news that Comcast (CMSCA) will give its Xfinity Flex streaming box to its broadband only customers for free. However, he thinks the potential impact to Roku looks modest. He thinks Roku has a significant customer acquisition advantage via smart TV sell through, noting that Roku TV sales have represented an estimated 1 of 3 smart TVs sold this year. Zgutowicz maintains a Buy rating and $134 price target on Roku shares, which are down another 1% to $128.26 in pre-market trading.
09/25/19
BNCH
09/25/19
INITIATION
Target $64
BNCH
Buy
Comcast initiated with a Buy at Benchmark
Benchmark analyst Matthew Harrigan initiated Comcast with a Buy rating and $64 price target, citing his view that the company is uniquely positioned to benefit from fixed and wireless/mobile broadband growth, direct-to-consumer alternatives to traditional TV bundles and advanced advertising. He sees the potential at Comcast for low teens annual adjusted EPS growth, assuming resumed buyback activity in 2020, Harrigan said.
CMCSA Comcast
$44.27

-0.27 (-0.61%)

10/25/19
MSCO
10/25/19
NO CHANGE
Target $53
MSCO
Overweight
Morgan Stanley says Comcast results a reminder of 'uniquely attractive position'
Morgan Stanley analyst Benjamin Swinburne said Comcast's Q3 served as a reminder of the company's "uniquely attractive position" with rising returns on invested capital as margins improve and capital intensity falls. While video subscriber losses are increasing, broadband customer growth is accelerating and sustaining this growth is the key to continued share performance, said Swinburne. Although regulatory questions around broadband may come back into focus during the 2020 election process, he also believes the "cumulative impact of years of investment in the network and product set" should not be underestimated, Swinburne added. He keeps an Overweight rating on the stock and bumped up his price target to $53 from $51.
10/25/19
GUGG
10/25/19
NO CHANGE
Target $57
GUGG
Negative view of media assets weighing on Comcast sentiment, says Guggenheim
Guggenheim analyst Mike McCormack said Comcast reported a "solid" third quarter with Cable, NBCU, total revenue, broadband net adds and EBITDA topping his expectations. While he expects free cash flow to improve given the combination of lower capex intensity and moving past film and TV working capital headwinds, he believes "sentiment for media assets remains firmly negative," which he thinks is weighing on sentiment for Comcast. He raised his price target on the stock to $57 from $52 and keeps a Buy rating on Comcast shares.
11/04/19
SPHN
11/04/19
NO CHANGE
Target $8
SPHN
Equal Weight
Stephens ups WideOpenWest price target to $8, remains concerned on competition
Stephens analyst Kyle Evans said shares of WideOpenWest (WOW) have held up better than he anticipated following the distribution of 27M shares by Avista to limited partners in August and that the stock responded better than he'd expected to the company's Q3 report on Friday. Though he raised his price target on the stock to $8 from $6 after unit economics in the quarter trended positively, Evans keeps an Equal Weight rating on the shares given his concerns about leverage, uncertainty around TV economics and "formidable competition" from the likes of Comcast (CMCSA), Charter (CHTR), Cable One (CABO) and Altice USA (ATUS).
11/14/19
HSBC
11/14/19
DOWNGRADE
HSBC
HSBC downgrades AT&T, Verizon, T-Mobile and Altice USA to Hold
HSBC analyst Sunil Rajgopal downgraded to Hold from Buy shares of AT&T (T), Verizon Communications (VZ), T-Mobile (TMUS) and Altice USA (ATUS). The analyst's only Buy in US Telecoms is now Comcast (CMCSA). Rajgopal keeps Reduce ratings on both Dish (DISH) and Sprint (S). The "evolving content business model" and increasing competition leads the analyst to be more cautious on the pay-TV business and operators with greater exposure to content revenues. Producers are increasingly distributing their content directly to consumers rather than relying on the cable and satellite aggregators, Rajgopal tells investors in a research note. In addition, the entry of a "well-funded" companies like Apple (AAPL) into content production and distribution "with its low sticker price adds to the concerns," contends the analyst. Rajgopal cut his pay-TV subscriber estimates for Comcast, AT&T, Charter and Altice USA to reflect his more cautious stance. The analyst lowered his price target for Altice USA to $28 from $30, raised his price target for AT&T to $42 from $38, raised his price target for Verizon to $65 from $62, and kept an $86 price target on T-Mobile.

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ARQL

ArQule

$9.59

0.275 (2.95%)

12:45
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MMM

3M

$163.96

-3.145 (-1.88%)

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Breaking Hot Stocks news story on 3M »

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MMM

3M

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-3.145 (-1.88%)

12:31
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AXTA

Axalta Coating

$30.13

0.54 (1.82%)

12:25
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Options
Axalta Coating call volume above normal and directionally bullish »

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GM

General Motors

$35.30

0.25 (0.71%)

, TSLA

Tesla

$330.39

-2.78 (-0.83%)

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Periodicals
GM CEO sees big opportunity in all-electric pickup trucks, CNBC reports »

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General Motors

$35.30

0.25 (0.71%)

TSLA

Tesla

$330.39

-2.78 (-0.83%)

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HOV

Hovnanian

$24.73

3.39 (15.89%)

12:23
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Earnings
Hovnanian surges 15% after Q4 report, revenue and deliveries climb »

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$NSD

NASDAQ Market Internals

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12:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

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LUV

Southwest

$55.72

-0.05 (-0.09%)

12:15
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12:15
Options
Southwest put volume heavy and directionally bearish »

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SIGA

Siga Technologies

$4.39

-0.01 (-0.23%)

12:13
12/05/19
12/05
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Hot Stocks
Siga announces CDND intent to purchase up to 15,325 courses of oral TPOXX »

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OPRT

Oportun Financial

$20.06

0.04 (0.20%)

12:11
12/05/19
12/05
12:11
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Conference/Events
Oportun Financial management to meet with Jefferies »

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  • 06

    Dec

GALT

Galectin Therapeutics

$2.98

-0.06 (-1.97%)

12:09
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12:09
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Galectin Therapeutics plans adaptively designed Phase 3 NASH-RX trial »

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BA

Boeing

$348.04

-0.85 (-0.24%)

12:09
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Periodicals
Boeing to SEC: Doesn't see 737 MAX cancellations impacting revenue, Reuters says »

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MASI

Masimo

$156.34

-1.11 (-0.70%)

12:05
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Conference/Events
Masimo management to meet with Piper Jaffray »

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  • 12

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ACHN

Achillion

$6.16

-0.025 (-0.40%)

12:05
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Options
Achillion call volume above normal and directionally bullish »

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  • 07

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TVTY

Tivity Health

$22.60

-0.23 (-1.01%)

12:04
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12:04
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Conference/Events
Tivity Health management to meet with Piper Jaffray »

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  • 10

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MIC

Macquarie Infrastructure

$42.49

0.43 (1.02%)

12:04
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Conference/Events
Macquarie Infrastructure management to meet with Suntrust »

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  • 11

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TCBK

TriCo Bancshares

$38.57

0.09 (0.23%)

12:03
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TriCo Bancshares management to meet with Piper Jaffray »

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  • 09

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FB

Facebook

$198.74

0.04 (0.02%)

, NKE

Nike

$94.84

1.12 (1.20%)

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Facebook

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NKE

Nike

$94.84

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AAPL

Apple

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WORK

Slack Technologies

$22.30

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VRNT

Verint

$52.36

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AUPH

Aurinia Pharmaceuticals

$16.22

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SIG

Signet Jewelers

$18.21

1.56 (9.37%)

SPWH

Sportsman's Warehouse

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0.67 (9.10%)

SAGE

Sage Therapeutics

$63.20

-86.02 (-57.65%)

HOME

At Home Group

$5.61

-2.94 (-34.39%)

ESTC

Elastic

$65.45

-12.98 (-16.55%)

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PK

Park Hotels & Resorts

$23.53

-0.09 (-0.38%)

12:02
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Park Hotels & Resorts management to meet with Suntrust »

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  • 11

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BRY

Berry Petroleum

$8.35

0.23 (2.83%)

12:02
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Berry Petroleum management to meet with Piper Jaffray »

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  • 10

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BAH

Booz Allen

$72.59

0.26 (0.36%)

, AMZN

Amazon.com

$1,745.65

-15.55 (-0.88%)

12:01
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Hot Stocks
Booz Allen says has capabilities to support AWS Outposts »

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BAH

Booz Allen

$72.59

0.26 (0.36%)

AMZN

Amazon.com

$1,745.65

-15.55 (-0.88%)

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HOV

Hovnanian

$24.49

3.15 (14.76%)

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Hovnanian rises 14.2% »

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  • 05

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AZZ

AZZ Inc.

$44.00

5.63 (14.67%)

12:00
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Hot Stocks
AZZ Inc. rises 14.4% »

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  • 05

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EXPR

Express

$4.74

0.845 (21.72%)

12:00
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Hot Stocks
Express rises 21.1% »

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