Morgan Stanley lowered the firm’s price target on Comcast (CMCSA) to $35 from $38 and keeps an Equal Weight rating on the shares. The firm’s survey work reinforce concerns over Cable’s broadband perception problem as Fiber and Fixed Wireless Access remain “well ahead” in the percentage of users that are “very satisfied,” particularly in the area of price, the analyst reported. The firm, which updated estimates among the group, still prefers U.S. Wireless over U.S. Cable and Canadian Telecom, noted the analyst.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMCSA:
- Comcast Announces Preliminary Results of Exchange Offer
- Comcast price target raised to $45.50 from $45 at Scotiabank
- YouTube TV Wins Big as Google (GOOGL) Locks In NBCUniversal Content
- Trump Weekly: White House announces drug pricing deal with Pfizer
- “Worst Summer Since 1998”: Comcast Stock (NASDAQ:CMCSA) Gains Despite MSNBC Cratering