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7 Media And Entertainment Stocks To Buy, Sell And Hold

The coronavirus (COVID-19) outbreak has dragged down stock prices across the board, and media and entertainment stocks are no exception. While some media and entertainment businesses have ground to a complete halt due to the economic shutdown, others are thriving from a surge in at-home business.

CFRA recently assessed the media and entertainment landscape in the wake of the COVID-19 outbreak, and analysts updated their takes on some popular stocks in the group. CFRA said companies that rely heavily on public gatherings and carry the most debt are most at risk, while others should have no problem navigating the current environment.

Here are seven media and entertainment stocks to buy, sell and hold, according to CFRA.

Comcast Corporation (NASDAQ: CMCSA) – Buy

Analyst Tuna Amobi said Comcast is one of the rare winners from the COVID-19 outbreak given its cable and satellite business is likely getting a huge boost from Americans stuck in their homes. Comcast also has a relatively high A- SP credit rating, suggesting its balance sheet is healthy.

Comcast’s Universal Studios postponed the release date of its upcoming “Fast and Furious” movie for another year, and the movie studio business could take a hit. However, Amobi says Comcast should make it through the shutdown just fine in the long term.

CFRA has a Strong Buy rating and $54 price target for CMCSA stock.

Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.

Walt Disney Co (NYSE: DIS) – Buy

Segments of Disney’s businesses, including its theme parks, movie studios and cruise lines, are certainly getting hammered by the economic shutdown. However, large-scale home confinement could be a major boost for Disney+, which launched back in November.

Streaming video is one of the few remaining sources of entertainment for many Americans

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