Citi lowered the firm’s price target on Comcast to $47 from $48 and keeps a Buy rating on the shares. The firm updated its model to incorporate Comcast’s Q2 results. Comcast continues to generate solid financial results and profitability, while navigating an ex-growth environment for cable broadband volumes, the analyst tells investors in a research note.
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:
- NBA Chooses New Partners: DIS, AMZN, CMCSA; Rejects WBD
- CMCSA Earnings: Comcast Reports Mixed Results in the Second Quarter
- Comcast price target lowered to $47 from $48 at Pivotal Research
- Paramount (NASDAQ:PARA) Loses Ground in June Rankings, Shares Climb Regardless
- Comcast’s theme park weakness may not extend to Disney, says Barclays