Brean Murray Carret & Co. Starts Comcast Corp (CMCSA) at Buy; Cable Operations Should Outperform

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Brean Murray Carret & Co. initiates coverage on Comcast Corp (NASDAQ: CMCSA) with a Buy. PT $32.

Brean analyst said, "Against the backdrop of increasing capital intensity, we are overweight CMCSA vis-a-vis Cablevision (NYSE: CVC) and Time Warner (NYSE: TWC) because we believe CMCSA has a strong service profile and low levels of penetration, which should allow its core cable operations to outperform over the next 12-18 months..."

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 $25.51 yesterday, with a 52 week range of $16.76-$27.16.

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