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UPDATE: Credit Suisse Reiterates Neutral Rating, Raises PT on Comcast Corporation

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In a report published Monday, Credit Suisse reiterated its Neutral rating on Comcast Corporation (NASDAQ: CMCSA), and raised its price target from $32.00 to $40.00.

Credit Suisse noted, “Comcast's cable unit delivered another strong qrtr w/ better than expected PSU net adds & solid finan'ls. Simply put--Comcast's cable unit continues to exhibit the best operating momentum in the industry today. NBCU results were more mixed, w/ broadcast showing better than est'd strength from the Olympics, but cable nets EBITDA landed shy of our est w/ ad revs flat Y/Y. We raise (1) our FY12 cable PSU net adds est's, (2) our FY ARPU est, and (3) our local ad rev est for 4Q given political. We look for FY12 cable EBITDA of $16.246b (6.3%) vs. $16.189 previously (5.9%).

Comcast Corporation closed on Friday at $37.56.

Latest Ratings for CMCSA

DateFirmActionFromTo
Jan 2018InstinetDowngradesBuyNeutral
Nov 2017BuckinghamInitiates Coverage OnBuy
Oct 2017NomuraMaintainsBuy

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Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

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