Canaccord Genuity Maintains a 'Buy' on Comcast Corp (CMCSA); N-T Concerns, But L-T Value
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Price: $40.39 +0.77%
Rating Summary:
17 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
17 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade CMCSA Now!
Canaccord Genuity maintains a 'Buy' on Comcast Corp (NASDAQ: CMCSA) price target of $36.00.
Analyst, Thomas Eagan, said, "CMCSA pulled back 0.6% today due to, we believe, several items including: 1) basic video losses that disappointed the Street and 2) the 1.4% OCF decline at the NBCU Cable Networks. We would take advantage of this pullback because we believe the mid/long-term trends are positive at both the Cable and NBCU divisions, which should support CMCSA multiple expansion."
For an analyst ratings summary and ratings history on Comcast Corp click here. For more ratings news on Comcast Corp click here.
Shares of Comcast Corp closed at $30.42 yesterday, with a 52 week range of $19.19-$30.88.
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Analyst, Thomas Eagan, said, "CMCSA pulled back 0.6% today due to, we believe, several items including: 1) basic video losses that disappointed the Street and 2) the 1.4% OCF decline at the NBCU Cable Networks. We would take advantage of this pullback because we believe the mid/long-term trends are positive at both the Cable and NBCU divisions, which should support CMCSA multiple expansion."
For an analyst ratings summary and ratings history on Comcast Corp click here. For more ratings news on Comcast Corp click here.
Shares of Comcast Corp closed at $30.42 yesterday, with a 52 week range of $19.19-$30.88.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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