TD Securities Reiterates Buy Rating on Comcast Corp (CMCSA) Ahead of 3Q Report

TD Securities analyst Vince Valentini reiterated a Buy rating and $57.00 price target on Comcast Corp (NASDAQ: CMCSA) ahead of the company's 3Q earnings report. Results are expected to be announced on October 24. Valentini expects strong Q3/19 results from the core cable broadband assets, with sub adds almost as strong as the record loading in Q3/18, and strong revenue/EBITDA growth.

Advertising revenues for both Broadcast and Cable Networks are estimated to be down in Q3/19 owing to Q3/18 having elevated political advertising and high-profile sporting events. TD Securities slightly trimmed consolidated EBITDA and EPS estimates for both Q3 and the FY.

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 $44.81 yesterday.

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