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

October 9, 2020 7:39 AM EDT
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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
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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.

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