Comcast initiated with "buy"

06/27/07 - Stifel Nicolaus

NEW YORK, June 27 (newratings.com) - Analysts at Stifel Nicolaus & Company initiate coverage of Comcast Corporation (CMCSA) with a "buy" rating. The target price is set to $34.

In a research note published this morning, the analysts mention that the company is poised to benefit in the forthcoming years from an increased penetration of Digital Video Recorders (DVR) and HDTV (High-Definition Television) set top boxes. Comcast is expected to achieve 10.9% revenue CAGR until the end of 2010, driven by subscriber additions in the digital cable, high-speed data (cable modem) and voice segments, the analysts say.