Churchill Capital V logo

CCV - Churchill Capital V News Story

$9.79 0.0  0.1%

Last Trade - 9:10pm

Mid Cap
Market Cap £537.1m
Enterprise Value £536.9m
Revenue £n/a
Position in Universe 3262nd / 7157

BUZZ-Street View: Comcast continues to fire on all cylinders

Fri 30th July, 2021 1:26pm
** Comcast Corp's  CMCSA.O  Q2 revenue beat Wall Street
estimates on Thursday, benefiting from record broadband
subscriber and total cable customer additions*:nL4N2P52LR
    ** RBC ("sector perform", PT: $60) is incrementally more
bullish as co's core connectivity business continues to sustain
its attractive momentum while the "recovery" is clearly taking
shape across NBCU and Sky
    ** Credit Suisse ("outperform", PT: $70) says co's operating
momentum is impressive and sees 2021 on track for a full
recovery all the way back up to 2019 levels
    ** J.P.Morgan ("overweight", PT: $68) expects 2021 total
broadband net adds to grow 16% vs. 2019 levels
    ** Brokerage continues to like co on strong fundamentals at
cable business and its better revenue/EBITDA growth relative to
that of its mega-cap peers
    ** CFRA ("buy", PT: $66) says co's better-than-expected Q2
results show a firming path to a full recovery from the
pandemic-related disruption of its ads, TV/film content, and
theme parks businesses while its cable broadband business rides
the associated demand tailwinds
    ** Pivotal Research ("buy", PT: $72) believes co will remain
a core holding given the likely continued strength in results,
the attractive valuation and defensive nature of its business

 (Reporting by Aniruddha Chakrabarty)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.