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Market Update

3 Undervalued Media Stocks

There are other ways to play streaming media than Netflix and Disney

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Discovery's (DISCA) announced merger with AT&T’s (T) WarnerMedia, the company’s second major acquisition in the last few years, was followed by a more than 6% drop in the stock’s price.

But the share price slide following the announcement only put the stock further into undervalued territory according to Morningstar analyst Neil Macker. He views the WarnerMedia and Discovery merger as a positive note for the company’s long-term performance.

Jakir Hossain does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.