Comcast Corporation Promotes Mike Cavanagh to President

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Comcast (CMCSA) Upgraded at Citi - Sees Plans to Improve Shareholder Value

October 13, 2022 10:07 AM EDT

Citi analyst Michael Rollins upgraded shares of Comcast (NASDAQ: CMCSA) to Buy from Neutral, with its price target cut to $36 from $42 per share.

Rollins said in a note on US cable stocks that cable revenue is "going ex-growth," and average EBITDA-based valuations have approached Telco levels for the first time since the period... More