Baird Initiates Coverage on Comcast; “Neutral” Rating (CMCSA)
Robert Baird reported on Friday that it has initiated coverage on communications company, Comcast Corporation (CMCSA).
The firm has begun coverage of CMCSA with a “Neutral” rating and $44 price target. This price target suggests a 5% increase from the stock’s current price of $41.75.
Analysts have given the company its rating and price target based on valuation.
Comcast shares were down 37 cents, or -0.88% during premarket trading Friday. The stock has increased 40% in the past year.
The Bottom Line
Shares of Comcast Corporation (CMCSA) have a 1.85% yield, based on Thursday’s closing price of $42.12
Comcast Corporation (CMCSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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