Oppenheimer Boosts Price Target, Estimates on Comcast (CMCSA)

Oppenheimer Boosts Price Target, Estimates on Comcast (CMCSA)

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Because Comcast Corporation (CMCSA) is seeing higher sales growth, analyst at Oppenheimer raised the price target and earnings estimates on the cable operator and entertainment company.

The analysts maintain an “Outperform” rating on CMCSA, but now see shares reaching $48. This new price target suggests a 13% upside to Friday’s closing price of $42.54.

Comcast shares were inactive during pre-market trading on Monday. The stock is up +13.87% year-to-date.

The Bottom Line
Shares of Comcast Corporation (CMCSA) have a dividend yield of 1.83% based on Friday’s closing price of $42.54 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.

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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