Cable TV and Internet provider Comcast Corporation (
) on Tuesday received some bullish commentary from analysts at
Janney Montgomery Scott.
The firm started coverage on CMCSA with a "Buy" rating and $45
price target, suggesting a 32% upside to the stock's Monday closing
price of $34.17.
A Janney Montgomery Scott analyst commented, "We see CMCSA
poised to leverage its infrastructure to introduce new services
(home automation, security services, cloud storage, media
streaming, etc.) that will provide meaningful growth for decades.
It should also benefit from Ultra HD technology on the horizon, the
move to client/server technology, Usage Based Billing (UBB), and
new tools/assets that can help contain programming cost inflation.
Lastly, CMCSA is uniquely positioned to develop next gen video
products through recent innovation and a robust set of content
rights. We believe investors will increasingly see new technology
as a growth catalyst that will afford the company a premium
Comcast shares posted small gains in premarket trading
The Bottom Line
Shares of Comcast (
) have a 1.90% dividend yield, based on last night's closing stock
price of $34.17. The stock has technical support in the $31-$32
price area. The stock is trading near all-time highs.
Comcast Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
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