And does that justify a higher price-earnings multiple for the stock? That's what Janney Capital Markets analyst Tony Wible says in a long report for clients. Highlights:
"We are initiating coverage of CMCSA with a Buy rating and $45 fair value as we see it poised to leverage its infrastructure to introduce new services (home automation, security services, cloud storage, media streaming, etc.) that will provide meaningful growth for decades.
"It should also benefit from Ultra HD technology on the horizon, the move to client/server technology, Usage Based Billing (UBB), and new tools/assets that can help contain programming cost inflation.
"Lastly, CMCSA is uniquely positioned to develop next gen video products through recent innovation and a robust set of content rights.
"We believe investors will increasingly see new technology as a growth catalyst that will afford the company a premium multiple... While cable's roots are tied to video delivery, the move to IP standards and digital media present an opportunity for CMCSA to induce new services."
"We are initiating coverage of CMCSA with a Buy rating and $45 fair value as we see it poised to leverage its infrastructure to introduce new services (home automation, security services, cloud storage, media streaming, etc.) that will provide meaningful growth for decades.
"It should also benefit from Ultra HD technology on the horizon, the move to client/server technology, Usage Based Billing (UBB), and new tools/assets that can help contain programming cost inflation.
"Lastly, CMCSA is uniquely positioned to develop next gen video products through recent innovation and a robust set of content rights.
"We believe investors will increasingly see new technology as a growth catalyst that will afford the company a premium multiple... While cable's roots are tied to video delivery, the move to IP standards and digital media present an opportunity for CMCSA to induce new services."
Joseph N. DiStefano | Columnist
Joseph N. DiStefano | Columnist
Joseph N. DiStefano | Columnist
Joseph N. DiStefano | Columnist
Joseph N. DiStefano | Columnist
Joseph N. DiStefano | Columnist
Joseph N. DiStefano | Columnist
Mike Sielski | Columnist
Finn Courtney
























