Comcast Corporation (CMCSA) Maintains Buy Rating

Wunderlich Securities has released an update on Comcast Corporation (NASDAQ: CMCSA). The company is subject to regulatory noise on mandated programming access, conditions on the NBC universal deal, and FCC broadband policy.

The FCC will submit its plan to Congress for policy changes that recognize broadband internet as the critical communication network in U.S. and the world. The plan will be submitted on Tuesday. The expected measures include recovering 500 Mhz of spectrum from broadcasters over the next 10 years. Wunderlich believes Comcast’s current wideband deployment to 75% of its footprint and involvement with Clearwire Corporation (NASDAQ: CLWR) are positives for the company.

According to Wunderlich, Viacom’s (NYSE: VIA.B) decision to remove “The Daily Show” and “The Colbert Report” from Hulu suggests recognition that the “TV Everywhere” model, rather than free web video is what works for both content and cable companies, rendering Hulu irrelevant.

Wunderlich Securities continues to rate Comcast Corporation as Buy, with a 12-18 month price target of $21.50 for Comcast stock.