Long COMCAST CORPORATION (CMCSA)
$69.00 12 Month Price Target
COMCAST INCREASES DIVIDEND AND SHARE REPURCHASES
Dividend to Increase 15.4% to $0.90 per Share on an Annualized Basis Share Repurchase Authorization to Increase to $7.5 Billion, with $3.0 Billion to be Repurchased in 2014 PHILADELPHIA--(BUSINESS WIRE)-- Comcast Corporation (NASDAQ...http://www.cmcsa.com/releasedetail.cfm?ReleaseID=821444
This is a great move for Comcast Cable and the Tri-state are as well as L.A. You see Time Warner had been well behind Cablevision and Comcast as far as updating their copper infrastructure. Both, Comcast and Cablevision, have diligently been updating their network to compete with Verizon FIos, they bring fiber to the node. You see a node, predominantly, entangles 30 units in its web, by bringing fiber to the node this enables the copper companies to increase bandwidth, and thus deliver more channels and faster internet service. Comcast has also been very keen in even adding boosters to the copper lines that connect from the node to a unit and/or house, and they had been able to deliver a true 20/5 speed of internet with their basic residential package. Now 20/5 isn't truly light speed fiber-optic internet like a 50/20 speed that which FIos brings to the table, but it's definitely fast enough to compete as the residential consumer is reluctant to even notice the difference.
You see Time Warner had been lacking in the internet department for quite some time, as far as what speed of internet they could bring to the table. Their drag of a network could barely deliver 10/2. Now, this has all been due to the fact that Time Warner had become lazy, and for quite some time they had not been working on updating their infrastructure.
I knew for awhile now that,most likely, Time Warner would either sell, or be bought out, due to the fact that you could tell that ownership had abandoned the product, rather than put in the work to keep up with competition, TW was work-shy, they thought for some time they could compete and get away by just spending millions in bolstered commercial advertisement campaigns, but over time the masses began to see through this fa-sad, spending money only on marketing, and not the network itself, is no-win situation. Eventually, a situation like the latter, is a recipe for disaster leading to lack of innovation and a bewildered product.
COMCAST CORPORATION (CMCSA)
Check out top analysts' recommendation for CMCSA
Last closing price (Feb 12 4:00 EDT):
55.24 (0.44%) ?
Description:
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name. This segment also provides business services, such as cellular backhaul services to mobile network operators; Ethernet network services; and online advertising services. As of December 31, 2012, it served 22.0 million video customers, 19.4 million high-speed Internet customers, and 10.0 million voice customers. The Cable Networks segment consists of national cable entertainment, national cable news and information, national cable sports, regional sports and news, and international cable networks; and a cable television production studio and digital media properties. The Broadcast Television segment comprises NBC and Telemundo broadcast networks, NBC and Telemundo owned local broadcast television stations, broadcast television production operations, and related digital media properties. The Filmed Entertainment segment produces, acquires, markets, and distributes filmed entertainment under the Universal Pictures, Focus Features, and Illumination names. This segment also develops, produces, and licenses stage plays. The Theme Parks segment comprises theme parks; studios; and a dining, retail, and entertainment complex. Comcast Corporation also owns a multipurpose arena in Philadelphia. The company offers its services directly to residential and business customers through call centers; door-to-door selling; direct mail, television, Internet, and local media advertising; and telemarketing and retail outlets. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania. (collapse)
Sector:
Industry:
| Analyst? | Research Firm? | Signal? | Signal Date? | Initial Price? | Price Target? | Closing Date? | Return? |
|---|---|---|---|---|---|---|---|
| Timothy Horan | Oppenheimer & Co. | Buy | Jan 30, '14 | 54.19 | 58.00 | Jan 30, '15 | 1.94% |
| Bryan Kraft | Evercore Partners | Buy | Jan 28, '14 | 53.35 | Jan 28, '15 | 3.54% | |
| Douglas Mitchelson | Deutsche Bank Securities | Buy | Jan 21, '14 | 53.31 | 64.00 | Jan 21, '15 | 3.62% |
| Thomas Eagan | Canaccord Genuity | Buy | Dec 04, '13 | 48.88 | Dec 04, '14 | 13.01% | |
| New York Elites | Unaffiliated | Buy | Nov 13, '13 | 47.39 | 52.00 | Nov 13, '14 | 16.56% |
| Douglas Mitchelson | Deutsche Bank Securities | Buy | Oct 29, '13 | 47.71 | 60.00 | Oct 29, '14 | 15.78% |
| Matthew Harrigan | Wunderlich Securities, Inc. | Buy | Oct 28, '13 | 48.23 | 63.00 | Oct 28, '14 | 14.53% |
| Timothy Horan | Oppenheimer & Co. | Buy | Aug 02, '13 | 45.52 | 52.00 | Aug 02, '14 | 21.35% |
| Todd Mitchell | Brean Murray, Carret & Co. | Buy | Aug 01, '13 | 45.64 | Aug 01, '14 | 21.03% | |
| Tuna Amobi | S&P Capital | Buy | Jul 31, '13 | 44.88 | Jul 31, '14 | 23.08% | |
| John Tinker | Maxim Group | Buy | Jul 31, '13 | 44.88 | 56.00 | Jul 31, '14 | 23.08% |
| Matthew Harrigan | Wunderlich Securities, Inc. | Buy | Jul 05, '13 | 41.52 | 56.00 | Jul 05, '14 | 33.04% |
| Frank Louthan | Raymond James | Buy | Jun 17, '13 | 39.72 | Jun 17, '14 | 39.07% | |
| Timothy Horan | Oppenheimer & Co. | Buy | May 05, '13 | 42.39 | 48.00 | May 05, '14 | 30.31% |
| Mike Mccormack | Nomura | Buy | May 01, '13 | 41.48 | May 01, '14 | 33.17% | |
| Bryan Kraft | Evercore Partners | Buy | May 01, '13 | 41.48 | May 01, '14 | 33.17% | |
| Chris Watts | Atlantic Equities | Buy | Feb 18, '13 | 40.89 | 48.00 | Feb 18, '14 | 35.09% |
| Bryan Kraft | Evercore Partners | Buy | Feb 14, '13 | 39.79 | 46.00 | Feb 14, '14 | 38.83% |
| Jonathan Atkin | RBC Capital Markets | Buy | Feb 13, '13 | 39.58 | 46.00 | Feb 13, '14 | 39.57% |
| Christopher King | Stifel Nicolaus & Company, Inc. | Buy | Feb 13, '13 | 39.58 | 45.00 | Feb 13, '14 | 39.57% |
