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Fly News Breaks for May 20, 2015
CMCSA
May 20, 2015 | 05:37 EDT
Barclays reinstated Comcast (CMCSA) with an Overweight rating and calls the stock its Top Pick in U.S. Cable & Satellite Communications. The firm calls Comcast one of the fastest growing media companies and believes its cable business is being undervalued at current levels. It set a $68 price target for the stock.
News For CMCSA From the Last 2 Days
CMCSA
Apr 18, 2024 | 14:34 EDT
CMCSA
Apr 18, 2024 | 06:57 EDT
Morgan Stanley named Comcast as the firm's "Top Pick in the Cable & Satellite" industry and notes that it remains the firm's only Overweight-rated name in the sector. Shares are now down 10% year-to-date despite a stable earnings outlook, says the analyst, who remains confident Comcast can grow broadband ARPU consistent with its historical 3%-4% range in 2024 and beyond. Moderating losses at Peacock and the opening of its new theme park Epic Universe in 2025 should also contribute to consolidated EBITDA growth, the analyst tells investors.
