Goldman Sachs Adds Comcast Corp (CMCSA) to Conviction Buy List

Goldman Sachs added Comcast Corp (NASDAQ: CMCSA) to Conviction Buy list and sees 31% upside to their $31 price target.

The firm said content controversy creates buying opportunity.

"Comcast’s focus on the content investment cycle has weighed on the stock’s relative performance in the group, in our view. We believe Comcast is a high quality asset, with best-in class near-term cable metrics, but industry low valuation multiples," the analyst said.

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 $23.71 yesterday.

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