Analysts Positive On Comcast Earnings, Time Warner Acquisition

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Comcast Corporation CMCSA reported earnings Tuesday night that were “solid” and “strong” according to Wall Street analysts. Analysts at Jefferies, Brean Capital and Wunderlich Securities believe that there is at least a 10 percent upside in the stock from Tuesday's $59.17 closing price.

Overall, the analysts said that there is a “high likelihood,” according to Jefferies, that the Comcast, Time Warner Cable Inc TWC deal gets regulatory approval. Brean Capital pointed to the company’s plan to buy back $4.5 billion in stock once the deal closes –- a plan that is backstopped by a $10 billion buyback if the deal fell apart.

Wunderlich reiterated a $72 price target, the most bullish of these firms. Wunderlich analysts said that the upside potential is “concentrated” at NBCUniversal. With “top-line synergies” following the TWC deal, Wunderlich said the stock could even move towards $78.

JP Morgan analysts, who have not set a rating or price target, said that they would like to hear more about timing and magnitude of price adjustments and subscriber trends in 2015 on Wednesday's conference call. With Comcast’s NBC unit, the analysts said that it would like the company to expound on advertising trends and monetization.

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Posted In: Analyst ColorAnalyst RatingsBrean Capital LLCJefferiesJP MorganWunderlich Securities
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