Nomura Securities Maintains a 'Buy' Comcast Corp (CMCSA) Review of 1Q Rarnings

Nomura Securities Maintains a 'Buy' on Comcast Corp (NASDAQ: CMCSA), raises PT from $29 to $32.

Nomura analyst, Mike McCormack, says, "Results came in largely above our expectations including NBCU, with solid results from both the core Cable and NBCU joint venture. The core segments of the NBCU platform appear to be tracking in line or above industry peers with 1Q broadcast advertising growth of ~10% (ex-Olympics), and cable network advertising and affiliate revenue posting 14% and 13% growth respectively. With share repurchases on track, and a bevy of future opportunities available in the transitioning NBCU asset, Comcast remains one of our top picks. We have raised our price target to $32, due to our higher FCF/share estimates."

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.

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