Pivotal Research lowered the firm’s price target on Comcast (CMCSA) to $40 from $54 and keeps a Buy rating on the shares. Comcast reported “disappointing” results and guidance, highlighted by worse than expected data subscribers “without a lot of confidence things are going to get better,” the analyst tells investors in a research note. However, the firm still sees upside from current valuation levels.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CMCSA:
- Comcast Corporation Achieves Record Financial Results
- Comcast price target lowered to $44 from $50 at Goldman Sachs
- Comcast (NASDAQ:CMCSA) Ultra-Low-Lag Internet Proves Little Help
- CMCSA Earnings: Comcast Stock Plummets Despite Q4 Beats
- Morning Movers: UPS and Cigna plunge double digits following Q4 results