Wells Fargo Keeps Their Sell Rating on Comcast (CMCSA)

In a report issued on January 24, Steven Cahall from Wells Fargo maintained a Sell rating on Comcast (CMCSAResearch Report), with a price target of $46.00. The company’s shares closed last Wednesday at $49.10.

According to TipRanks.com, Cahall is a 2-star analyst with an average return of 0.2% and a 47.8% success rate. Cahall covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class B, Charter Communications, and Nexstar Media Group.

Comcast has an analyst consensus of Strong Buy, with a price target consensus of $60.17.

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Comcast’s market cap is currently $226.9B and has a P/E ratio of 15.99.

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Comcast is a media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. The Comcast Cable/Cable Communications business provides high-speed internet, video, voice, wireless, as well as security and automation services. NBCUniversal develops, produces and distributes entertainment, news and information, sports, and other content and also operates theme parks. Sky is one of Europe’s leading entertainment companies and includes a direct-to-consumer business, providing video, high-speed internet, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network and Sky Sports networks. The company was founded by Ralph J. Roberts in 1963 and is headquartered in Philadelphia, PA.

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