Comcast's (CMCSA) Pivot To Connectivity Drives PT Increase At KeyBanc

KeyBanc analyst, Brandon Nispel, reiterated his Overweight rating on shares of Comcast Corp (NASDAQ: CMCSA) and raised his price target to $43 from $38 expecting CMCSA's cable business to outperform expectations and in turn, drive improved sentiment and profitability over the next one to two years.

The analyst stated "there is an overhang lifted on the stock following its SKY auction win, which ultimately puts NBCU in a stronger strategic position. We believe CMCSA's management acumen to integrate SKY and the strategic value of the assets are underappreciated by CMCSA investors".

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 $35.40 yesterday.

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