Analyst Green-Lights Comcast Spinoff: How CMCSA's

Nov 21, 2024 · Analysts are seeing Comcast Corp‘s CMCSA plan to restructure its media empire as a positive for investors. Craig Moffett, the senior managing director at MoffettNathanson …

CouponFollow Extension

$50
OFF

Comcast's Spin-Off To Boost Broadband And Streaming Growth

2 weeks from now

Nov 21, 2024 · Goldman Sachs analyst Michael Ng maintained a Buy rating on Comcast Corp CMCSA with a price target of $50.. On November 20, 2024, Comcast announced plans to spin …

benzinga.com

4%
OFF

Comcast Stock Rises On $7B NBCUniversal Cable Channel’s Spinoff …

2 weeks from now

Nov 20, 2024 · Comcast (CMCSA) stock rose 2.4% in after-hours trading yesterday following news of a $7 billion spinoff of NBCUniversal cable channels. The media conglomerate could …

nasdaq.com

FAQs about Analyst Green-Lights Comcast Spinoff: How CMCSA's Coupon?

Why did Comcast spin off its cable networks?

Investing.com - BofA analyst on Thursday said Comcast Corp (NASDAQ:CMCSA) decision to spin off its cable networks, excluding Bravo, and some digital assets into a separate company, was a “positive strategic step”. Analyst believes the move will allow Comcast to focus on higher-growth segments by separating slower-growing cable assets. ...

Will Comcast's cable assets spinoff solve inherited sector problems?

Initial negative takes by some analysts on Comcast's cable assets spinoff, who see no solution to inherited sector problems, are wrong. The key lies in the spinoff's flexibility to add and reshape the business, unencumbered by corporate goals on remaining segments. ...

Does Comcast have a spinoff?

Comcast (CMCSA) announced Wednesday that it will spin off select cable television networks, including USA Network, CNBC, MSNBC, Oxygen, E!, SYFY and the Golf Channel. The spinoff includes some of CMCSA's digital assets, including Fandango, Rotten Tomatoes, GolfNow and SportsEngine. It will create a new publicly traded company called SpinCo. ...

Would a cable network spin-off be accretive to Comcast's growth rate?

Morgan Stanley: "We estimate a Cable Network spin-off would be modestly accretive to Comcast's overall growth rate, at roughly 100 bps. It is roughly neutral to Comcast's multiple, as the distributed earnings (roughly $0.40-0.50 per share) are largely offset by the equity distribution ($4/share)." ...

Will Comcast spin-off drive growth?

Analyst believes the move will allow Comcast to focus on higher-growth segments by separating slower-growing cable assets. The newly formed company is expected to acquire additional cable networks to achieve scale and drive growth. The spin-off is also expected to return capital to shareholders through dividends or share repurchases. ...

What is the word on the street after Comcast hinted at spin-off?

What is the Word on the Street after Comcast hinted at cable ops spin-off? After posting a third quarter results beat, media and cable giant Comcast (NASDAQ: CMCSA) hinted at divesting its cable operations on their earnings call with analysts. ...