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Morgan Stanley Maintains Comcast(CMCSA.US) With Buy Rating, Maintains Target Price $48

Futu News ·  Nov 4 21:31  · Ratings

Morgan Stanley analyst Benjamin Swinburne maintains $Comcast (CMCSA.US)$ with a buy rating, and maintains the target price at $48.

According to TipRanks data, the analyst has a success rate of 60.7% and a total average return of 12.2% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Comcast (CMCSA.US)$'s main analysts recently are as follows:

  • The firm considers Comcast's Q3 report to be 'encouraging,' but believes that a spinoff of the networks would not have a significant impact.

  • The third quarter results for Comcast did not materially alter the investment thesis, but highlighted several positives. Among the key updates was the company's contemplation of divesting certain assets from NBCUniversal's cable networks division. Although the potential scope of this divestiture may be more limited than some investors might wish, it represents a notable strategic pivot for a company that has historically emphasized the synergies between its divisions. This development suggests a willingness from management to reconsider the future of mature assets that confront secular headwinds, while still prioritizing investment in its primary areas of growth.

  • The firm commented on Comcast's favorable 3Q24 outcomes, noting improvements despite increased Broadband losses, attributing the success to a combination of better-than-expected ACP non-pay reserve results, revenue from the Olympics, and the company's announcement of potential plans to investigate the separation of its cable networks.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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