Bernstein Reiterates a Hold Rating on Comcast Corporation (CMCSA)

​Comcast Corporation (NASDAQ:CMCSA) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Laurent Yoon from Bernstein reiterated a Hold rating on the stock with a $34 price target. However, earlier on November 13, Craig Moffet from Moffetnathonson had maintained a Buy rating on Comcast Corporation (NASDAQ:CMCSA), but lowered the price target from $58 to $53.

​The ratings follow as the company is preparing for the first round of bids for Warner Bros Discovery and competes with Paramount Skydance, and Netflix. On November 13, The Wall Street Journal reported that Warner Bros Discovery had launched a formal auction with non-binding offers due by November 20, 2025.

​According to the report, while Paramount intends to bid for the entire company, Comcast Corporation (NASDAQ:CMCSA) and Netflix are focused on Warner Bros film and television studios and the Max streaming platform. Along with the sale process, Warner Bros Discovery is also exploring the plan to split the company into two, with one dealing with the studio and streaming assets and the other catering to its cable networks. This allows the bidders to either bid for the full or a specific division of Warner Bros Discovery.

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company that offers internet, cable TV, and‌ phone services to both house​holds and businesses.

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Disclosure: None. This article is originally published at Insider Monkey.