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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
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!
Already a member?Sign in