President Obama Seeks to Use FCC to Regulate the Internet
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November 12, 2014 8:55 AM EST
Goldman Sachs reiterated a Buy rating on Comcast Corp (NASDAQ: CMCSA) with a price target of $65. Analyst Brett Feldman views the recent pullback as an opportunity.
"We believe this pullback represents an attractive entry point for two reasons. (1) CMCSAs current business practices... More
November 11, 2014 11:29 AM EST
Cable stocks including Time Warner Cable (NYSE: TWC), Comcast (NASDAQ: CMCSA), Charter Communications (NASDAQ: CHTR), and Cablevision Systems Corp. (NYSE: CVC) remained under pressure Tuesday following yesterday's surprise announcement by the Obama administration, which called on the FCC to regulate data providers. In the view of analyst Jeffrey Wlodarczak of Pivotal Research, the pullback in related stocks is attractive, but he thinks they will tread water until the market gets more... More
November 10, 2014 12:48 PM EST
The following statement can be attributed to Jim Cicconi, AT&T (NYSE: T) Senior Executive Vice President, External & Legislative Affairs:
Todays announcement by the White House, if acted upon by the FCC, would be a mistake that will do tremendous harm to the Internet and to U.S. national interests. It is a complete reversal of a bipartisan policy that has been in place since the Clinton Administrationnamely, to treat Internet access as an information service subject to light-touch regulation. This classification... More
