|Bid||37.46 x 2200|
|Ask||46.46 x 3000|
|Day's Range||44.97 - 45.38|
|52 Week Range||24.81 - 50.15|
|PE Ratio (TTM)||18.81|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||0.36 (0.80%)|
|1y Target Est||49.82|
Over the weekend, telecom giant Comcast Corp. (CMCSA) outbid Twenty-First Century Fox (FOX) in a one-day auction process to acquire a 61% majority stake in U.K.-based Sky PLC (SKY.L), the largest pay-TV operator in the region. While Comcast said it has obtained around 30% of the company's shares so far, it has until Oct. 11 to buy at least a 50% stake for the deal to go through. Warning! GuruFocus has detected 2 Warning Sign with JAG.
Comcast (CMCSA) stock fell 6.0% on September 24 and closed trading at $35.63. Comcast lost ~$10.0 billion in market value. The stock is currently trading 17.0% above its 52-week low of $30.43 and 19.0% below its 52-week high of $44.
Is Disney's ESPN+ Setting Stage for Direct-to-Consumer Success? As of September 24, of the 25 analysts that cover Disney (DIS) stock, 12 gave it a “buy” rating, while an equal number of analysts provided a “hold” recommendation. The company’s closing price was $110.4 on the same date.
Shares of Comcast Corp. fell Monday after the cable company won a bid over the weekend to gain control of European pay-TV giant Sky PLC. Comcast’s offer of £17.28 ($22.59) a share surpassed 21st Century Fox Inc.’s highest bid of £15.67 a share after three rounds of bidding Saturday, in a rare auction held by British regulators. Comcast’s winning bid, valued at $38.8 billion, was up 40.1% above its initial bid of £12.50 a share in February and Fox’s initial £10.75-a-share bid in December 2016.
Is Disney's ESPN+ Setting Stage for Direct-to-Consumer Success? The growing demand for video streaming services in the US has led to a decline in video subscribers for most cable and satellite operators. To counter these threats, the leading media giant has launched its new DTC (direct-to-consumer) service.
Shares of Disney (DIS) and Netflix (NFLX) surged Monday for completely different reasons. Yet their climbs highlight how important the streaming industry is and helps set up what will likely be years of comparison between the two media powers.
Comcast shares are down 7% in Monday trading, following the cable giant’s winning bid for Sky. Why Disney could be the big winner in the auction results.
Comcast (NASDAQ:CMCSA), one of the nation’s biggest cable companies and owner of NBC and entertainment outfit Universal, has outbid Twenty-First Century Fox (NASDAQ:FOXA) for European pay-TV giant Sky, prompting Comcast stock to plummet on the news. The deal keeps both companies jointly shielded from the combination of Fox and Walt Disney (NYSE:DIS) before the two rivals have a chance to fully communicate their merger, which was approved by Disney’s shareholders in July. The wrinkle: Fox, soon to be entirely owned by Disney, already owns 39% of Sky, leaving owners of Comcast stock unclear as to the potential fiscal upside.
With Monday's plunge, shares of Comcast are down more than 10 percent in 2018 and flirting with bear market territory. Comcast outbid rival Fox for British broadcaster Sky on Saturday with a $40 billion takeover offer in a rare three-round auction. Shares of Comcast CMCSA tanked nearly 8 percent Monday after the company beat out Twenty-First Century Fox FOXA to acquire British broadcaster Sky.
Just a few short months ago, Comcast Corporation (NASDAQ: CMCSA) conceded in the race for Twenty-First Century Fox (NASDAQ: FOXA) assets and redirected its focus to British media conglomerate Sky Plc. (OTC: SKYAY). The downgrade is driven largely by a relatively high new pro forma valuation and an expected increase in competitive pressure from new technology, Horan said in the Monday downgrade note. One key valuation driver surrounds 5G wireless and its competitive threat to wireline broadband, Horan said.
In the fiscal year to the end of June, Sky had revenue of £13.59 billion and a pretax profit of £864 million. Comcast is an American cable juggernaut that owns NBCUniversal as well as the Xfinity cable and telecommunications service. Fox is an American TV and entertainment group that owns a 39% stake in Sky.
Comcast's (CMCSA) bid outsmarts 21st Century Fox for European pay-TV player, Sky Plc's 61% stake in a three-round regulated auction held last Saturday.
0953 GMT - Anglo Pacific looks set to make more royalty acquisitions before year-end after recently acquiring a stake in Labrador Iron Ore Royalty, Peel Hunt says. The brokerage expects a small net debt of GBP7 million at the end of 2018 after increasing its loans. Labrador’s 3Q dividend of C$0.55 a share was slightly ahead of Peel Hunt’s C$0.50 estimate and the consensus forecast, suggesting Anglo may see more near-term cash from Labrador than expected, the brokerage says.
Australia’s national broadcaster sacked its managing director, Michelle Guthrie, on Monday following a series of bruising battles with the centre-right government over media coverage and budget cuts. ...
A banker from one of Britain's leading boutique advisory firms pressed the button on Comcast's knockout $40 billion bid for broadcaster Sky. The U.S. cable giant emerged victorious on Saturday evening from its protracted battle with Rupert Murdoch's Twenty-First Century Fox for London-listed Sky with a 17.28 pounds-a-share offer. If Comcast had only offered marginally more than Fox, Murdoch's company could have fought on for control of Sky because its stake would have given it an upper hand.
Sky (SKYB.L) shares jumped 9 percent on Monday to within touching distance of what Comcast (CMCSA.O) will pay to buy Europe's biggest pay-TV group after seeing off competition from Twenty-First Century Fox (FOXA.O). The U.S. cable-TV giant offered $40 billion (30.4 billion pounds) in a rare weekend auction that brought to an end its battle against Rupert Murdoch's Fox and Walt Disney Co (DIS.N), which would have been Sky's ultimate owner if Murdoch had succeeded. Analysts at MoffettNathanson downgraded Comcast from "buy" to "neutral" and Oppenheimer downgraded from "outperform" to "perform".
Brian Roberts, Comcast’s chief executive, knew that the company built by his late father Ralph, needed to bolster its presence abroad. Comcast is the largest cable operator and provider of broadband services in the US but lacks international exposure. The company ushered in the pay-TV era in the UK when it was launched almost 30 years ago by Rupert Murdoch on “a wing and a prayer” from a draughty industrial park on the outskirts of west London.
The media space has seen a spate of major acquisition attempts in 2018, with the most recent being the long-running battle between Comcast and Twenty-First Century Fox for British broadcaster Sky. The pharmaceutical industry also saw a similar move earlier in the year, as Japan's Takeda Pharmaceutical reached an agreement for Shire. Over the weekend, Comcast CMCSA outbid Twenty-First Century Fox FOXA by $3.6 billion in a long-running battle between the two companies for British broadcaster, Sky.
Comcast Corp. outgunned Rupert Murdoch’s 21st Century Fox Inc. in the battle for British pay-TV company Sky Plc, besting its rival at an auction on Saturday with a $39 billion bid.
As the contentious $39 billion takeover saga for Sky Plc draws to a close, boutique banks appear poised to reap some of the richest rewards. PJT Partners Inc., Robey Warshaw LLP, Evercore Inc. and Centerview Partners are the small advisory shops that worked on the battle between Comcast Corp. and Twenty-First Century Fox Inc. for control of Sky. The protracted takeover effort -- kicked off in December 2016 when Fox offered to acquire the share of the British broadcaster that it didn’t already own -- neared culmination this weekend with Comcast outbidding Fox in a rare one-day auction.
Shares in Sky jumped 9 percent to within touching distance of the 17.28 pounds a share Comcast bid to beat Twenty-First Century Fox in the battle for Europe's largest pay-TV company. Thuy Ong reports.