UPDATE: ISI Group Reiterates Buy Rating, Raises PT on Comcast Corporation

Loading...
Loading...
In a report published Monday, ISI Group reiterated its Buy rating on Comcast Corporation
CMCSA
, and raised its price target from $41.00 to $43.00. ISI Group noted, “In our channel checks in most of their top markets resulted in a host of answers ranging from ‘There is no rate increase' in Detroit, MI to a +14% rate increase in the limited basic package in Philadelphia, PA...On a subscriber-weighted basis across markets, the limited basic package prices were increased by 10% while the digital starter package prices were increased by 3%. Assuming that only 5% of the subscribers took the limited basic package (Comcast's digital penetration at the end of 3Q12 was ~96%) while assuming that all the other digital packages saw rate increases similar to the digital starter packages, on a subscriber-weighted basis that would amount to an average rate increase of ~3.7%.” Comcast Corporation closed on Friday at $39.76.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetAnalyst RatingsISI Group
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...