Market Overview

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

Share:
Related CMCSA
Pacific Crest Raises Comcast's Target To $74
The Market In 5 Minutes: Apple Surprises, Twitter Disappoints And Hillary Makes History
Disney, Comcast Pour Cash In Virtual Reality As 'Netflix Of VR' Looms (Investor's Business Daily)

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
Jul 2016Pacific CrestMaintainsOverweight
May 2016Goldman SachsMaintainsBuy
Feb 2016BarclaysMaintainsOverweight

View More Analyst Ratings for CMCSA
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CMCSA)

View Comments and Join the Discussion!