Market Overview

Jefferies Reiterates Buy Rating, $45 PT on Comcast Corporation on Announced BNCU Acquisition

Share:
Related CMCSA
JPMorgan: We Like EMC-Virtustream, Expect 'Spending Pause' After Charter-Time Warner Cable
O'Boyle: Regulators 'Should Block' Charter-Time Warner Cable Merger
Report: Comcast re-stirring talks around buying Vox Media (Seeking Alpha)

In a report published Wednesday, Jefferies reiterated its Buy rating and $45.00 price target on Comcast Corporation (NASDAQ: CMCSA).

Jefferies noted, “4Q results were largely in line with our/Street ests. More importantly, CMCSA agreed to acquire GE's remaining 49% stake in NBCU for $18.1B (incl. $1.4B in real estate assets) or ~9x projected 2013 OCF. Given continued strength of the businesses, higher participation in NBCU growth, upward-trending FCF, and aggressive return of capital, we maintain Buy rating and $45 TP.”

Comcast Corporation closed on Tuesday at $38.97.

Latest Ratings for CMCSA

DateFirmActionFromTo
May 2015BarclaysReinstatesOverweight
May 2015Credit SuisseReinstatesOverweight
Apr 2015JefferiesMaintainsBuy

View More Analyst Ratings for CMCSA
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CMCSA)

Around the Web, We're Loving...

Get Benzinga's Newsletters