Morgan Stanley named Comcast as the firm’s “Top Pick in the Cable & Satellite” industry and notes that it remains the firm’s only Overweight-rated name in the sector. Shares are now down 10% year-to-date despite a stable earnings outlook, says the analyst, who remains confident Comcast can grow broadband ARPU consistent with its historical 3%-4% range in 2024 and beyond. Moderating losses at Peacock and the opening of its new theme park Epic Universe in 2025 should also contribute to consolidated EBITDA growth, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMCSA:
- New Comcast (NASDAQ:CMCSA) Brand Doesn’t Impress Investors
- Comcast Appoints Wonya Lucas as New Independent Director
- Box Office Battle: âCivil Warâ wins weekend with $25.7M debut
- Comcast (NASDAQ:CMCSA) Sells $1.2B in Ad Sales for the Paris Olympics
- FCC to slash broadband subsidy payouts in May, Washington Post reports
