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CCV - Churchill Capital V News Story

$10.2 0.1  0.7%

Last Trade - 18/06/21

Sector
Financials
Size
Mid Cap
Market Cap £454.9m
Enterprise Value £454.4m
Revenue £n/a
Position in Universe 3394th / 6919

BUZZ-Street View: Comcast's momentum across the board is encouraging

Fri 30th April, 2021 1:17pm
** Comcast Corp  CMCSA.O  is on an upswing as it emerges
from the COVID-19 pandemic, reporting quarterly revenue ahead of
Wall Street estimates on Thursday  urn:newsml:reuters.com:*:nL1N2MM1OC
    
    GLOBAL RE-OPENINGS LIKELY TO PICK UP STEAM
    ** RBC ("sector perform," PT:$60) says co's core
connectivity business continues to fire on all cylinders, and
network investments should help ease concerns over long-term
competitive positioning
    ** "We are encouraged by the momentum across NBCUniversal
and Sky, particularly as global re-openings pick up steam" - RBC
    ** J.P.Morgan ("overweight," PT:$62) says Comcast's core
cable execution remains strong and is undergoing a transition to
higher margins
    ** Says while broader market remains concerned of growing
competition in broadband, trends at Comcast remain strong driven
by both acquisition and churn as it gains market share
    ** Morningstar (Fair Value:$56) calls results favorable as
the pandemic-fueled strong broadband demand; says Comcast is off
to a great start in 2021
    ** Truist Securities ("buy," PT:$65) says co has adequately
"repositioned itself to accommodate the continued closures,
while optimizing returns from remote workers looking for premium
services"
    ** Wells Fargo ("underweight," PT:$49) says "NBCU and Sky
segments are seeing a cyclical recovery, but the
medium/long-term trends are much more challenging in our view"

 (Reporting By Geetha Panchaksharam)
 ((geetha.panchaksharam@thomsonreuters.com))
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