Comcast Upgraded to “Buy” at Collins Stewart (CMCSA)
Cable TV and Internet provider Comcast Corporation ( CMCSA ) on Wednesday caught a big upgrade from analysts at Collins Stewart. The firm said it upgraded CMCSA from “Hold” to “Buy” with a $32 price target. That target implies a potential upside of 40% to the stock’s Tuesday closing price of $22.78. A Collins Stewart analyst said the company should perform better following the approval from federal regulators on CMCSA’s acquisition of entertainment giant NBC Universal. Comcast shares rose 31 cents, or +1.4%, in premarket trading Wednesday. The Bottom Line Shares of Comcast ( CMCSA ) have a 1.66% dividend yield, based on last night’s closing stock price of $22.78. The stock has technical support in the $20 price area. If the shares can firm up, we see overhead resistance around the $24-$26 price levels. Comcast Corporation ( CMCSA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
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Comcast Upgraded to “Buy” at Collins Stewart (CMCSA)
Tags: approval, dividend, dividend-stocks, gold mint, not-recommended, should-perform, united states, upgrade
