Why Analysts Are Positive on Comcast Stock
Of the 24 analysts covering Comcast (CMCSA), 17 have rated the stock a “buy.” Seven have rated it a “hold,” and none have rated it a “sell.” Comcast’s victory of a 61% stake in Sky over Twenty-First Century Fox (FOXA) and the acquisition of a 39% stake from Fox and the Walt Disney Company (DIS) have probably made analysts positive. It seems that analysts are confident that Comcast will get full ownership of London-based Sky. Comcast is trading at $35.18 as of October 8, which is an 18.2% discount to its consensus median target estimate.