NEW YORK (TheStreet) -- Comcast Corp. (CMCSA) rivals Disney (DIS), Discovery Communications (DISCA), and CBS Corp. (CBS), are being questioned by the Department of Justice relating to Comcast's planned acquisition of Time Warner Cable Inc. (TWC), Bloomberg reports.
The DOJ is speaking with the other media companies in order to determine whether or not the merger is anticompetitive.
None of the three companies have opposed Comcast's purchase, but they are concerned the company will favor its own programming above their content if the merger is approved, and they want the U.S. to make sure that doesn't happen, Bloomberg added.
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Shares of Comcast opened higher by 0.05% to $54.37 on Friday.
Separately, TheStreet Ratings team rates COMCAST CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate COMCAST CORP (CMCSA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."