More than a year and a half after Comcast acquired European pay TV giant in a $40 billion mega-deal, MoffettNathanson analyst Craig Moffett in a Monday report said he is still not convinced of the mega-deal's financial and strategic value to the U.S.
cable and entertainment conglomerate. "The rationale for its place in the Comcast portfolio remains a mystery," he wrote in the report entitled "Sky Diving," maintaining his "buy" rating and $49 stock price target on Comcast shares, which had closed at $38.65 on Friday. "Given everything going on in traditional media, we think the burden of proof remains on Comcast to prove the value of Sky." Moffett started off by highlighting that "after a six-month bidding war with Disney that was roundly.
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