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Fly News Breaks for October 16, 2019
CMCSA
Oct 16, 2019 | 08:27 EDT
As previously reported, Bernstein analyst Peter Supino initiated coverage of Comcast with a Market Perform rating and $50 price target. Despite his bullishness on the Xfinity cable business, caution on NBCU's broadcast and cable network segments leave him waiting for a "juicier pitch" in Comcast.
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.
