NEW YORK (TheStreet) -- Comcast (CMCSA) - Get Report stock is down 0.53% to $60.09 in late morning trading on Tuesday, after its subsidiary NBCUniversal agreed to invest $200 million in online media company BuzzFeed.

The companies will also examine strategic partnerships within the two businesses in the next few months.

BuzzFeed's website gets more than 200 million monthly unique visitors and 1.5 billion monthly video views.

The deal values BuzzFeed at $1.5 billion, according to The Wall Street Journal.

BuzzFeed reaches "a massive, loyal audience and [has] proven to be among the most creative, popular and influential new media players," NBCUniversal CEO Steve Burke said in a statement.

"BuzzFeed and NBCUniversal will be great strategic partners and we both have a lot to offer the other," BuzzFeed Executive Chairman Kenneth Lerer said in a statement. "We look forward to collaborating on television content, movies, the Olympics, and joint partnerships with ad agencies and brands."

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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows: