Comcast (CMCSA) Declares $0.19 Quarterly Dividend; 2.2% Yield
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High-speed data boom drives Comcast profit beat
October 25, 2018 6:32 AM EDTBy Akanksha Rana and Kenneth Li
(Reuters) - Comcast Corp's (NASDAQ: CMCSA) quarterly profit and revenue topped Wall Street estimates on Thursday as strength in its high-speed internet business offset a less severe drop in cable TV subscribers.
The largest U.S. cable company's third-quarter results demonstrated a resilience to industry forces that have buffeted its rivals.
As U.S. subscribers have continued to dump pricier pay-TV services in favor of cheaper streaming services, Comcast has managed to slow down defections, at least for a quarter, while growing its broadband... More
Citi Reinstates Comcast Corp (CMCSA) at Buy
October 24, 2018 7:29 AM EDTCiti analyst Jason Bazinet reinstates coverage on Comcast Corp (NASDAQ: CMCSA) with a Buy rating and a price target of $48.00.
The analyst comments "If we remove 100% of the premium Comcast paid for Skys equity (with no synergies) Comcasts equity should have fallen... More
Deutsche Bank Resumes Comcast Corp (CMCSA) at Buy
October 24, 2018 6:28 AM EDTDeutsche Bank analyst Bryan Kraft resumes coverage on Comcast Corp (NASDAQ: CMCSA) with a Buy rating and a price target of $43.00.
Kraft comments, "Comcast's stock price has suffered since early February from the weight of uncertainty driven by the company's... More
UPDATE: Guggenheim Assumes Comcast Corp (CMCSA) at Neutral
October 23, 2018 4:11 PM EDT(Updated - October 23, 2018 4:12 PM EDT)
(updated to correct rating and price target)
Guggenheim analyst Mike McCormack assumes coverage on Comcast Corp (NASDAQ: CMCSA) with a Neutral rating and a price target of $38.00.
Analyst Mike McCormack assumes primary coverage from... More
