Comcast weighs spin-off of declining cable networks after strong third quarter
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Seaport Global Securities Reiterates Neutral Rating on Comcast Corp (CMCSA)
November 1, 2024 5:54 AM EDTSeaport Global Securities analyst David Joyce reiterated a Neutral rating on Comcast Corp (NASDAQ: CMCSA).
The analyst comments "We are making minor adjustments to our 4Q24E Comcast estimates, with the Olympics and broadband outperformance in 3Q24 largely aiding the full-year... More
Comcast Corp (CMCSA) PT Raised to $54 at Pivotal Research
October 31, 2024 4:24 PM EDTPivotal Research analyst Jeffrey Wlodarczak raised the price target on Comcast Corp (NASDAQ: CMCSA) to $54.00 (from $47.00) while maintaining a Buy rating.
The analyst comments "BOTTOM LINE: Comcast reported across the board a materially better-than-expected 3Q result highlighted by evidence that cable data losses may be bottoming out (+9K 3Q net new data subscriber growth ex the one-off negative effect from ACP turnoffs). Besides data RGUs all metrics outperformed our expectations highlighted by residential connectivity revenue (+6% vs. our +4% forecast), +1% cable EBITDA growth (vs. our +0.6%), +19% content revenue growth (vs. our +4%) on strong Olympic... More
