Comcast (CMCSA) to Acquire Rest of NBCUniversal in $16.7B Deal (GE)
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General Electric (GE), Comcast (CMCSA) Close $16.7B NBCUniversal Deal
March 19, 2013 4:28 PM EDTOn March 19, 2013, General Electric Company (NYSE: GE) closed the transaction with Comcast Corporation (Nasdaq: CMCSA) in which Comcast and certain of its affiliates acquired GEs remaining 49 percent common equity interest in NBCUniversal, LLC, the joint venture of GE and Comcast... More
RBC Capital Upgrades Comcast Corp (CMCSA) to Outperform
February 14, 2013 9:05 AM ESTRBC Capital upgraded Comcast Corp (NASDAQ: CMCSA) from Sector Perform to Outperform with a price target of $46.00 following deal to buy remaining stake in NBCUniversal.
For an analyst ratings summary and ratings history on Comcast Corp... More
Analyst Calls Comcast Corp (CMCSA) Buyout of NBCUniversal 'Shrewd'
February 13, 2013 9:55 AM ESTMaxim Group today reiterated a Buy rating on Comcast Corp (NASDAQ: CMCSA) and raised its price target of $48.00 (from $46.00). Analyst also called Comcast's buyout of NBCUniversal shrewd, referring to recent announcement that CMCSA bought out the remaining 49 percent stake from GE (NYSE:... More
Deutsche Bank Raises Numbers on Comcast (CMCSA) on Q4 Results, NBCUniversal Buy-In
February 13, 2013 8:28 AM ESTDeutsche Bank raised its price target on Buy-rated Comcast Corp (NASDAQ: CMCSA) from $46 to $48 following Q4 results and the deal to buy the remaining stake in NBCUniversal.
"We see (1) leading cable growth / innovation / scale; (2) cable margins could rise post-2013 due to high margin telecom growth, improving video marketshare, and... More
Credit Suisse Upgrades Comcast Corp (CMCSA) to Outperform
February 13, 2013 7:19 AM ESTCredit Suisse upgraded Comcast Corp (NASDAQ: CMCSA) from Neutral to Outperform following the agreement to buy the rest of NBCUniversal.
For an analyst ratings summary and ratings history on Comcast Corp... More
GE (GE) Will Sell Rest of NBCU Stake; Increases Buybacks to $35B, Will Accelerate
February 12, 2013 4:36 PM ESTGE (NYSE: GE) announced today the sale of its remaining 49% common equity interest in its joint venture with Comcast (Nasdaq: CMCSA), which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion.
Under the terms of the transaction, GE will sell its remaining 49% common equity stake in the NBCU joint venture to Comcast for $16.7 billion. GE will receive $12.0 billion in cash, $4.0 billion in Comcast guaranteed debt, and $0.7 billion of preferred stock. Additionally, GE Capital (GECC) will sell the NBCU occupied floors in 30... More
Comcast (CMCSA) Tops Q4 EPS by 3c; Boosts dividend and buyback
February 12, 2013 4:33 PM ESTComcast (NASDAQ: CMCSA) reported Q4 EPS of $0.56, $0.03 better than the analyst estimate of $0.53. Revenue for the quarter came in at $15.94 billion versus the consensus estimate of $15.99 billion.
Boosts dividend and buyback.
For earnings history and earnings-related data on Comcast (CMCSA) click here.... More
