NEW YORK (TheStreet) -- Shares of Comcast Corp. are up by 0.82% to $58.90 in mid-morning trading on Monday, following reports that the cable and media company, along with Time Warner Cable Inc. will meet with the DOJ on Wednesday in order to try and save the company's $45.2 billion merger deal with the cable provider. Comcast and Time Warner Cable will meet with DOJ officials in order to come up with remedies that will keep the government from blocking the proposed deal, the Wall Street Journal reports. The deal was announced over a year ago and this will be the first time parties from both sides will come face to face in order TO attempt to come to an agreeable resolution to the issue. It is the concern of the DOJ and FCC that a merger of the two companies would give the combined entity too much power in the broadband Internet market and give it an unfair competitive edge over TV channel owners and those entering the new market of offering video programming online, sources told the Journal. Comcast doesn't view the Time Warner Cable deal as harmful, but rather a necessity in order to allow the company to compete against a variety of new threats to the traditional pay-TV model. "We continue to believe that our transaction with Time Warner Cable will bring substantial benefits to consumers without any competitive harms. We will continue to engage in our productive discussions with the government and do not see any value in commenting on rumors and speculation," Comcast spokeswoman Sena Fitzmaurice said in a statement to the Journal. 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, revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins." Highlights from the analysis by TheStreet Ratings Team goes as follows: The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year. Despite its growing revenue, the company underperformed as compared with the industry average of 7.3%. Since the same quarter one year prior, revenues slightly increased by 4.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share. The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Media industry and the overall market, COMCAST CORP's return on equity exceeds that of both the industry average and the S&P 500. Net operating cash flow has significantly increased by 87.14% to $4,643.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 47.79%. You can view the full analysis from the report here: CMCSA Ratings Report Must Read: Warren Buffett's Top 25 Stocks for 2015
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