Kaufman Bros. Raises Price Target on Comcast Corp (CMCSA), Posts Fifth Consecutive Quarter of Revenue and EBITDA Growth
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Price: $41.95 +0.31%
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
16 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade CMCSA Now!
Kaufman Bros. is maintaining its Buy rating on shares of Comcast Corp (NASDAQ: CMCSA) and is raising its price target from $28 to $30.
The company reported solid earnings for Q1 as its was the fifth consecutive quarter that both revenue and EBITDA rose. The positive quarter was characterized by stronger-than-expected cable results and the first quarter inclusion of NBC in Comcast's consolidated P&L.
The firm remains to feel positive on the the company's ability to perform at strong levels. It sees revenue increasing 3% Y/Y and EBITDA growing 5%. Kaufman predicts EPS of $1.50 which would be a 16% increase from 2010.
An analyst at Kaufman comments, "We believe that there are strong rationales for the combination of Comcast and NBCU, particularly in as much as the combined company's sheer size will enable it to influence and capitalized on changes in the model for media distribution and advertising. However, there is still a lot of work to be done before opportunities can be recognized, least of which is improving the performance of the NBC Broadcast Network."
For more ratings news on Comcast Corp click here and for the rating history of Comcast Corp click here.
Shares of Comcast Corp closed at $25.96 yesterday, with a 52 week range of $16.30-$27.16.
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The company reported solid earnings for Q1 as its was the fifth consecutive quarter that both revenue and EBITDA rose. The positive quarter was characterized by stronger-than-expected cable results and the first quarter inclusion of NBC in Comcast's consolidated P&L.
The firm remains to feel positive on the the company's ability to perform at strong levels. It sees revenue increasing 3% Y/Y and EBITDA growing 5%. Kaufman predicts EPS of $1.50 which would be a 16% increase from 2010.
An analyst at Kaufman comments, "We believe that there are strong rationales for the combination of Comcast and NBCU, particularly in as much as the combined company's sheer size will enable it to influence and capitalized on changes in the model for media distribution and advertising. However, there is still a lot of work to be done before opportunities can be recognized, least of which is improving the performance of the NBC Broadcast Network."
For more ratings news on Comcast Corp click here and for the rating history of Comcast Corp click here.
Shares of Comcast Corp closed at $25.96 yesterday, with a 52 week range of $16.30-$27.16.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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