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Fly News Breaks for May 16, 2018
CMCSA
May 16, 2018 | 16:26 EDT
KeyBanc analyst Brandon Nispel started coverage on Comcast with an Overweight and $38 price target telling investors uncertainty about its media M&A aspirations has created a buying opportunity. Nispel said Comcast's cable business is undervalued, or investors get NBCU for almost free, creating an attractive valuation.
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.
