Actionable news
All posts from Actionable news
Actionable news in CMCSA: Comcast Corporation,

Comcast should buy Verizon for $215 billion, Citi analyst says

Comcast Corp. should buy Verizon Communications, a deal that could be worth $215 billion, an analyst from Citigroup said Wednesday.

Though many view Verizon as a likely suitor for Dish Network, the analyst said Comcast could swoop in with a deal for the wireless carrier that would help it extend internet connectivity outside the home.

The analyst estimates Comcast could pay a 20 percent premium to Verizon's share price, which was $43.98 at the close of trading Tuesday. Verizon's shares are down more than 17 percent this year, so much so that Comcast, the parent of NBCUniversal, is now bigger in terms of market value, Citi analyst Jason Bazinet wrote in a research...