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Comcast’s Target, Estimates Boosted at Morgan Stanley; Cost Cuts Paying Off? (CMCSA)

By Dividend.com,  April 16, 2012, 10:06:56 AM EDT

Cable TV and Internet provider Comcast Corporation ( CMCSA ) on Monday saw its price target and earnings estimates lifted by analysts at Morgan Stanley.

The firm maintained its "Equal-weight" rating on CMCSA but said it now expects the shares to reach $30. That new price target suggests a flat upside to the stock's Friday closing prce of $29.50.

Morgan Stanley also upped its earnings estimates for the company, citing recent cost cuts.

Comcast shares rose 0.5% in early trading Monday.

The Bottom Line
Shares of Comcast ( CMCSA ) have a 2.20% dividend yield, based on Friday's closing stock price of $29.50.The stock has technical support in the $26 price area. The stock is trading near the all-time high price range of $30-$32 per share.

Comcast Corporation ( CMCSA ) 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 our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CMCSA



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