Raymond James Reiterates Market Perform Rating on Comcast Corp (CMCSA)

October 9, 2020 7:39 AM EDT
Get Alerts CMCSA Hot Sheet
Price: $58.36 +0.99%

Rating Summary:
    33 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Raymond James analyst Frank Louthan reiterated a Market Perform rating on Comcast Corp (NASDAQ: CMCSA) ahead of the company's 3Q earnings report. Theme parks have reopened at partial capacity and advertising has picked up with the return of major sports and the election, however Louthan still believes NBCU weakness from delayed theatrical releases and lower overall park attendance will continue to weigh down the core cable business.

Raymond James adjusted estimates for FY20 revenue, EBITDA, non-GAAP EPS and FCF/ share estimates to $101.63 billion, $30.06 billion, $2.45 and $3.71 from $100.09 billion, $29.93 billion, $2.43 and $3.68, respectively. For 2021, estimates for the same move to $113.15 billion, $34.85 billion, $3.18, and $4.24 from $112.89 billion, $34.64 billion, $3.14 and $4.19.

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 $45.30 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change

Related Entities

Raymond James, Earnings