Janney Montgomery Scott Starts Comcast Corp (CMCSA) at Buy; Layers Even Apple Looks Up To

Janney Montgomery Scott initiates coverage on Comcast Corp (NASDAQ: CMCSA) with a Buy. PT $45.00.

Analyst, Tony Wible, said, "We see CMCSA poised to leverage its infrastructure to introduce new services (home automation, security services, cloud storage, media streaming, etc.) that will provide meaningful growth for decades. It should also benefit from Ultra HD technology on the horizon, the move to client/server technology, Usage Based Billing (UBB), and new tools/assets that can help contain programming cost inflation. Lastly, CMCSA is uniquely positioned to develop next gen video products through recent innovation and a robust set of content rights. We believe investors will increasingly see new technology as a growth catalyst that will afford the company a premium multiple."

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 $34.46 yesterday.

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