Collins Stewart analyst Thomas Eagan this morning launched coverage of News Corp. (NWSA) with a Buy rating and $18 price target.
“While most of the Street is concerned about post-Avatar comps, we believe that the cable networks and broadcast television divisions will benefit from improving fundamentals,” he writes, adding that the [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Now, this is a nifty use of the Apple (AAPL) iPad.
At an event at The Cable Show in Los Angeles today, Comcast (CMCSA) CEO Brian Roberts gave a cool demo of a prototype iPad app for controlling your cable box.
The app pops up a guide that looks a lot like [...]
Article courtesy of BARRONS.com: Tech Trader Daily
The National Cable and Telecommunications Association, the chief trade arm of the cable industry, is none-too-pleased with the FCC’s proposal to reclassify broadband service under the rules for common carriers. The NCTA issues a statement today which assets that the FCC has not made a compelling case of a need [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Cablevision (CVC) shares are trading lower this morning on disappointing Q1 results.
For the quarter, the cable company posted revenue of $1.75 billion, up from $1.67 billion a year ago, and ahead of the Street at $1.73 billion. But diluted EPS from continuing operations of 26 cents a share was short [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Stifel Nicolas analyst Christopher King this morning downgraded Comcast (CMCSA) shares to Hold from Buy on a valuation basis, noting that the cable giant hit his $20 price target.
“We have a difficult time justifying further multiple expansion for shares of CMCSA given the overhand related to the company’s proposed acquisition [...]
Article courtesy of BARRONS.com: Tech Trader Daily