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NEW YORK (TheStreet) -- Shares of Apple (AAPL) - Get Apple Inc. Report were largely flat in pre-market trading on Monday as Goldman Sachs pushes the iPhone maker to make a bid for Time Warner (TWX), the New York Post reported, citing a source.

This comes after telecom company AT&T (T) agreed to buy Time Warner for $84.5 billion last week.

Cupertino, CA-based Apple hired Goldman banker Adrian Perica to head its mergers practice in 2009 and his team has been looking into acquisition targets, the source added. The company has also expressed interest in Time Warner before, the Post noted.

CEO Tim Cook said during the company's fiscal 2016 fourth quarter earnings call on Wednesday that television "has intense interest with me and many other people, in terms of owning content and creating content."

Cook added that the company is "open" to acquisitions that would add strategic value to Apple.

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(Apple is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with a free trialhere.)

Separately, TheStreet Ratings objectively rated Apple 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.

TheStreet Ratings rated this stock as a "buy" with a ratings score of A.

The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: AAPL

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