Of the 23 analysts covering Walt Disney (DIS), 15 recommend “buy,” one recommends “sell,” and seven recommend “hold.” Their average target price for the stock is $126.45, and their median estimate is $128.50, implying a 14.4% upside to its current price.
Disney’s Fox acquisition: A summary
Disney finally closed its acquisition of most of 21st Century Fox’s assets. Anything retained by 21st Century Fox (or 21CF) was spun off into Fox Corporation (FOXA).
Disney has acquired 21CF’s TV and film business, a 30% stake in Hulu, satellite TV group Star India (INDA), Tata Sky, and Endemol Shine Group. Disney was initially hoping for 39% of UK-based broadcaster Sky, but that was sold to Comcast (CMCSA) in September for 11.6 billion pounds (or $15.3 billion).
The acquisition of 21CF’s movies and networks are set to boost Disney’s revenue and streaming services, helping it compete with digital rivals such as Netflix (NFLX) and Amazon (AMZN), which are attracting traditional cable subscribers with lower prices. Disney’s presence in overseas markets, especially India, is also set to grow.
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