On Nov 02, major Wall Street analysts update their ratings for $Comcast (CMCSA.US)$, with price targets ranging from $46 to $60.
BofA Securities analyst Jessica Reif Ehrlich maintains with a buy rating, and sets the target price at $50.
UBS analyst John Hodulik maintains with a hold rating, and maintains the target price at $47.
Deutsche Bank analyst Bryan Kraft maintains with a buy rating, and adjusts the target price from $49 to $50.
Wells Fargo analyst Steven Cahall maintains with a hold rating, and maintains the target price at $46.
Macquarie analyst Tim Nollen maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Comcast (CMCSA.US)$'s main analysts recently are as follows:
The firm considers the third-quarter report for Comcast to be 'encouraging,' although they hold the opinion that a networks spinoff would not have a significant impact.
Comcast's recent quarterly results surpassed expectations, bolstered by strong performance in Broadband and well-managed operating expenses. Additionally, the company's contemplation of divesting its cable network assets, potentially merging them with those of Paramount, is anticipated to contribute to a reassessment of its valuation.
Comcast's third-quarter outcomes did not notably alter the investment thesis, although several positive aspects were evident. The most significant revelation from the earnings report was the consideration of separating assets from NBCUniversal's cable networks portfolio. This development represents a considerable change in strategy for an organization that has historically emphasized the synergies of its divisions. It indicates that the leadership is contemplating different strategies for mature assets that are encountering enduring industry challenges, while still focusing investment on its six areas of growth.
Comcast's third-quarter results were noted for their positive aspects, with better-than-expected broadband losses and a stronger ACP non-pay reserve upside. Additionally, the company benefited from revenue generated by the Olympics and has announced intentions to consider a separation of its cable networks.
Comcast's evolving media strategy and broadband trends are viewed as incrementally positive, although these developments are not considered to be transformative for the company's outlook.
Here are the latest investment ratings and price targets for $Comcast (CMCSA.US)$ from 13 analysts:
Note:
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