Bank of America Merrill Lynch Adds Comcast Corp. to “US 1 List” (CMCSA)
Because Comcast Corporation (CMCSA) is executing well and has industry leading scale, analysts at Bank of America Merrill Lynch added the cable and media giant to its “US 1 List” on Tuesday.
Bank of America Merrill Lynch’s “US 1 List” is intended to represent the firm’s best investment ideas, compromised of “Buy” rated U.S. stocks.
The analysts see shares of CMCSA reaching $60, which suggests a 45% upside to the stock’s Monday closing price of $41.44.
Comcast shares were down 44 cents, or 1.06%, during pre-market trading on Tuesday. The stock is up 10.92% year-to-date.
The Bottom Line
Shares of Comcast (CMCSA) offer a dividend yield of 1.88% based on Monday’s closing price of $41.44 and the company’s annualized dividend payout of 78 cents per share.
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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