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CCV - Churchill Capital V News Story

$9.79 0.0  0.1%

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Sector
Financials
Size
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  urn:newsml:reuters.com:*:nL4N2P52LR
    
    ON TRACK FOR A FULL RECOVERY
    ** 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)
 ((aniruddha.c.thomsonreuters.com@reuters.net))
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