Bank of America Securities Raises the PT on Comcast Corporation (CMCSA), Keeps Neutral Rating

Comcast Corporation (NASDAQ:CMCSA) is one of the Best and Cheap Stocks to Buy Right Now. On September 29, Jessica Reif Ehrlich from Bank of America Securities raised the firm’s price target on Comcast Corporation (NASDAQ:CMCSA) while keeping a Neutral rating on the stock.

The analyst noted that she expects Q3 Media EBITDA to improve due to the timing of Peacock’s exclusive NFL game. However, this gain is expected to be partially offset by lower Theme Park revenue as attendance is still increasing at Epic.

Moreover, Jessica Reif Ehrlich noted that her firm has slightly improved its broadcast net adds forecasts and is now expecting a decline of 120,000, up from the previous estimate of a 130,000 decline. This justifies the slight increase in price target. In addition, the firm is keeping its estimates for video and mobile subscriber declines at 290,000 and 400,000, respectively.

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, and video services through brands like Xfinity, Comcast Business, and Sky.

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Disclosure: None. This article is originally published at Insider Monkey.