Here’s Why Yahoo! (YHOO) Stock Is Up Today
NEW YORK (TheStreet) -- Shares of Yahoo! (YHOO) are increasing 1.13% to $39.29 late Friday afternoon as Verizon Communications (VZ) has emerged as the most likely buyer of its core Internet business, Bloomberg reports.
The agreement could be announced in the next few days, sources told Bloomberg.
Verizon is discussing a price near $5 billion for Yahoo's core Internet business, one source said. Although the deal does not include the company's patents at this stage, it includes real estate assets.
If the deal goes through, Verizon would add the Internet pioneer and its millions of daily users to a rising stable of media properties, Bloomberg noted.
Shares of Verizon are rising 1.05% to $55.95 this afternoon.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C- on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations.
But the team also finds weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: YHOO