Comcast (CMCSA) option IV elevated into quarter results

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Go back to Comcast (CMCSA) option IV elevated into quarter results

JPMorgan Downgrades Comcast Corp (CMCSA) to Neutral 'As Broadband Growth Stalls'

July 29, 2022 3:57 AM EDT

JPMorgan analyst Philip Cusick downgraded Comcast Corp (NASDAQ: CMCSA) from Overweight to Neutral with a price target of $45.00 (from $52.00).

The analyst comments "We downgrade Comcast to Neutral (from Overweight) on lower cable estimates (subs and financials) and establish a December 2023 price target of $45, which assumes exiting 2023 at 13.8x 2023E FCF and 11.9x 2023 EPS. Comcast reported mixed 2Q results with solid... More