Market Overview

A 'Safe Haven' If The Trump Rally Collapses: Comcast

A 'Safe Haven' If The Trump Rally Collapses: Comcast
Related CMCSA
AT&T, Verizon The Likely Winners In The Event T-Mobile-Sprint Deal Rumors Ever Come To Fruition
It Might Be A Good Time To Buy CBS Shares
Related T
Everything You Need To Know About Apple Watch Series 3 And Apple 4K TV
Here's What Investors Were Buying And Selling In August

Wunderlich’s Matthew Harrigan views Comcast Corporation (NASDAQ: CMCSA) as a relatively “safe haven,” even in the event that the stock’s current Trump rally ends, given the superior execution of the company’s cable business, as well as NBCUniversal.

Harrigan maintains a Buy rating on the company, while raising the price target from $78 to $85.

Positives For Comcast

“Given NBCUniversal's evident creative execution, the advent of OTT products like DIRECTV (NASDAQ: DTV) Now [now acquired by AT&T Inc. (NYSE: T)] further galvanizes upside,” the analyst mentioned.

Harrigan believes the DirecTV Now pricing template is likely to help with better price segmentation for NBCUniversal content, stating, “Savvy price segmentation targeting 20 million + households outside the traditional pay TV ecosystem a positive for broadband and NBCUniversal.”

DirecTV Now will, however, not include 4K content, which is poised to be launched among higher end consumers.


The analyst also views the primacy of the X1 interface as integral, strategically, to Comcast’s consumer base, saying that this was evident from the integration with Netflix, Inc. (NASDAQ: NFLX) as a “frenemy” given the “its marquee content.”

IP content is expected to strengthen the appeal of Comcast’s superior broadband offering.

At last check, Comcast was up 0.9 percent at $68.93.

Latest Ratings for CMCSA

Aug 2017Argus ResearchMaintainsBuy
Aug 2017GuggenheimUpgradesNeutralBuy
Jun 2017Moffett NathansonDowngradesBuyNeutral

View More Analyst Ratings for CMCSA
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News Price Target Analyst Ratings Movers Tech Media Best of Benzinga


Related Articles (CMCSA + NFLX)

View Comments and Join the Discussion!