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CCV - Churchill Capital V News Story

$9.89 -0.0  -0.1%

Last Trade - 8:39pm

Sector
Financials
Size
Mid Cap
Market Cap £481.6m
Enterprise Value £480.5m
Revenue £n/a
Position in Universe 3224th / 6846

BUZZ-Comcast: CS raises PT on hopes of economic rebound

Wed 23rd September, 2020 12:01pm
** Credit Suisse raises media company's  CMCSA.O  price
target by $10 to $60, citing favorable sector trends as
businesses rebound from the pandemic-led impacts   
    ** Brokerage increases estimates for Q3 High Speed Internet
(HSI) net ads, profit and EBITDA, and expects cable segment to
build on its strong Q2 and Q3 HSI performance, while pandemic's
impact on ad are fading
    ** However, CS believes investors are focused on regulatory
framework under a potential Democratic administration and
concerns of fiber and fixed wireless competition from others,
including AT&T and T-Mobile
    ** 25 of 34 brokerages rate the stock "buy" or higher, and 9
"hold"; their median PT is $50 -Refinitiv data
    ** Up to Tuesday's close, stock had risen ~3% YTD; shares
marginally down in premarket trading 

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))
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