Kaufman Bros. Raises Price Target on Comcast Corp (CMCSA), Posts Fifth Consecutive Quarter of Revenue and EBITDA Growth
Tweet
Share
E-mailGet Alerts CMCSA Hot Sheet
Price: $26.18 --0%
Rating Summary:
24 Buy, 25 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 25 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c
- Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Kaufman Bros., EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
