Nomura Securities Maintains a 'Buy' on Comcast Corp (CMCSA); Q3 Review
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Price: $25.57 -2.33%
Rating Summary:
24 Buy, 25 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
24 Buy, 25 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Nomura Securities maintains a 'Buy' on Comcast Corp (NASDAQ: CMCSA) price target of $32.00.
Nomura analyst, Mike McCormack, said, "Comcast reported essentially inline financial results with subscriber metrics in the core cable business slightly below our expectations. The core cable business again outperformed the peer group in 3Q11, and we believe that Comcast investors value the shares at a premium. With Comcast having outperformed Time Warner Cable (NYSE: TWC) for numerous quarters, this dynamic is likely within the expectation set. In our view, in order to sustain the premium relative valuation, Comcast will next need to deliver on investor expectations for capital returns, as well as navigate NBC Broadcast issues. We adjust our FY11 EPS from $1.56 to $1.53 and FY12E from $1.95 to $1.89."
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 $23.02 yesterday.
Nomura analyst, Mike McCormack, said, "Comcast reported essentially inline financial results with subscriber metrics in the core cable business slightly below our expectations. The core cable business again outperformed the peer group in 3Q11, and we believe that Comcast investors value the shares at a premium. With Comcast having outperformed Time Warner Cable (NYSE: TWC) for numerous quarters, this dynamic is likely within the expectation set. In our view, in order to sustain the premium relative valuation, Comcast will next need to deliver on investor expectations for capital returns, as well as navigate NBC Broadcast issues. We adjust our FY11 EPS from $1.56 to $1.53 and FY12E from $1.95 to $1.89."
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 $23.02 yesterday.
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