|Bid||32.23 x 1800|
|Ask||32.24 x 900|
|Day's Range||32.05 - 32.52|
|52 Week Range||31.17 - 39.80|
|PE Ratio (TTM)||6.77|
|Forward Dividend & Yield||2.00 (6.04%)|
|1y Target Est||N/A|
Comcast is planning to counter Disney’s bid for Fox assets. Yahoo Finance’s Seana Smith, Dan Roberts and Andy Serwer discuss.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.
Ed Lee, Recode managing editor, and Jessi Hempel, Wired senior writer, provide insight to Comcast's preparation of an all-cash offer for Twenty-First Century Fox assets. Also CNBC's David Faber weighs in on the deal and potential regulatory hurdles ahe...
A U.S. Senate committee plans to hold a hearing on June 27 on the proposed $26.5 billion (20 billion pound) merger of U.S. wireless carriers T-Mobile US (TMUS.O) and Sprint Corp (S.N). No witnesses have been announced for the hearing to be held by the Senate Judiciary Committee's subcommittee that oversees antitrust issues announced on Wednesday.
The fall in Comcast’s voice revenue is primarily the result of the distribution of voice revenue to customers with bundled services and a fall in the number of residential voice customers. In the quarter, the media and cable giant reported voice revenue of nearly $1.01 billion, a fall of 2.7% YoY (year-over-year) from $1.03 billion. AT&T posted a fall of 20.0% YoY in the legacy voice and data service revenues in its Business Solutions segment, while Charter’s voice revenue fell 19.8%.
Many hedge fund managers make money by identifying undervalued companies and investing in them before they grow more successful. If the price of the company goes down as expected the hedge fund then makes money off of the bet. Goldman Sachs has recently released a list of companies that hedge funds are short selling the most as part of its latest "Hedge Fund Trend Monitor," according to CNBC.
AT&T (T) plans to get its Mexico unit out of the red this year, but its priority is also closing its pending acquisition of Time Warner (TWX). The court’s decision on whether AT&T can close the acquisition is expected by June 12. The United States Department of Justice (or DOJ) filed a lawsuit to block AT&T from acquiring Time Warner, saying a merger of the two companies would hurt consumers through higher pay-TV prices or limited television choices.
Comcast’s (CMCSA) cable business generated revenue of $13.5 billion in the first quarter, a rise of 3.6% year-over-year. Comcast’s first-quarter revenue was mainly driven by strong growth in its business services units and growth in high-speed Internet and advertising revenues. The growing popularity of Xfinity Home and the rising revenue growth from X1 licensing agreements have also been benefiting its cable business.
AT&T (T) continues to gain ground in Mexico, with its Mexico wireless subsidiary adding 534,000 customers in the three months through March 31 to close the first quarter with 15.6 million subscribers. It gained more than 3 million subscribers over the past four quarters according to AT&T CEO Randall Stephenson in his presentation at a recent investor meeting hosted by JPMorgan Chase.
Specifically, the dividend yield for the S&P 500, as a whole, was surpassed by the yield of three-month Treasuries. What matters most to investors here is getting a grip on whether dividend stocks are (relatively speaking) assets or liabilities. Many of the S&P 500’s strongest constituents like Adobe Systems Incorporated (NASDAQ:ADBE) and Facebook, Inc. (NASDAQ:FB) are more than capable of paying a healthy dividend, but choose not to pay one at all.
On April 25, Comcast (CMCSA) reported impressive first-quarter results, delivering better-than-expected earnings and revenue. The media and cable giant has exceeded earnings expectations for the past five consecutive quarters. Comcast reported adjusted EPS (earnings per share) of $0.62 in the first quarter.