Brean Capital on Monday previewed Comcast Corporation CMCSA ahead of its fourth quarter earnings results expected to be released on Tuesday. Brean Capital rates Comcast as a Buy with a $65.00 price target.
Analyst Todd Mitchell wrote, "Cable segment results should outstrip its peer group, driven by a market leading HSD service profile and an increasingly differentiated Xfinity video offering, while overall results should be juiced by solid growth and improved profitability at NBCU, led by a revitalization of the Broadcast Network and increased investment at Theme Parks."
Discussing the yet-to-be-approved acquisition of Time Warner Cable Inc. TWC by Comcast, Mitchell cited three keys that may provide value for Comcast shareholders.
- The acquisition would bring Time Warner Cable residential business up to the performance levels of Comcast.
- Opportunities for leverage using both companies' services in their respective markets.
- New advertising models and development of a more effective digital advertising campaign.
Shares of Comcast recently traded at $58.38, down 0.21 percent.
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