Oppenheimer believes that Comcast reported strong Q4 results. The firm noted that the company had its highest video net adds in eight years, while its cable revenue rose 2% and its ARPU gained 4%. The firm thinks the company is "uniquely hedged" against a number of headwinds, including the growth of OTT. It keeps a $70 price target and Outperform rating on the shares.
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
Comcast (CMCSA) is scheduled to announce quarterly results on April 25, while Paramount (PARA) and Warner Bros. Discovery (WBD) are... To see the rest of the story go to thefly.com. See Story Here