Analyst Optimism Bumps Comcast (CMCSA) Higher
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Shares of Comcast (Nasdaq: CMCSA) are getting a 5% boost today, following yesterday's 13% sell-off, after Goldman Sachs added the stock to their Conviction Buy List.
The firm said Comcast is attractive due to the non-cyclical demand for its products. They also cited a defensive subscription based business model, a focus on returns and free cash flow growth and modest leverage and a lack of financing risk.
In addition to yesterday's 13% slide, shares of Comcast are down 22% over the last year.
Comcast Corporation, together with its subsidiaries, operates as a cable operator in the United States.
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