Comcast (CMCSA) Received its Third Buy in a Row

After Pivotal Research and Merrill Lynch gave Comcast (NASDAQ: CMCSA) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Douglas Mitchelson maintained a Buy rating on Comcast yesterday. The company’s shares closed last Tuesday at $46.11, close to its 52-week high of $47.74.

According to, Mitchelson is a 5-star analyst with an average return of 14.5% and a 62.7% success rate. Mitchelson covers the Services sector, focusing on stocks such as Charter Communications, Dish Network, and Walt Disney.

Currently, the analyst consensus on Comcast is a Moderate Buy with an average price target of $49.71, which is a 10.6% upside from current levels. In a report issued on September 16, Pivotal Research also maintained a Buy rating on the stock with a $60.00 price target.

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Comcast’s market cap is currently $204.1B and has a P/E ratio of 18.20. The company has a Price to Book ratio of -2.31.

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Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand. The Cable Networks segment consists of national cable networks, regional sports, news networks, international cable networks, and cable television studio production operations. The Broadcast Television segment includes NBC and Telemundo broadcast networks. The Filmed Entertainment segment involves in the production, acquisition, marketing, and distribution of filmed entertainment. The Theme Parks segment consists of Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan. The Sky segment Consists of the operations of Sky, one of Europe’s entertainment companies, which primarily includes a direct-to-consumer business, providing video, high-speed internet, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network and Sky Sports networks. The company was founded by Ralph J. Roberts in 1963 and is headquartered in Philadelphia, PA.