Citigroup analyst Michael Rollins maintained Comcast Corp (NASDAQ:CMCSA) with a Buy and raised the price target from $51 to $53.
The analyst updated his model to reflect Comcast's fourth-quarter results.
Last week, Comcast reported a fourth-quarter FY23 revenue growth of 2.3% year-on-year to $31.25 billion, beating the consensus of $30.51 billion. Adjusted EPS of $0.84 beat the consensus of $0.79.
Comcast increased its dividend by 6.9% year-over-year to $1.24 per share on an annualized basis for 2024. It declared a quarterly cash dividend of $0.31 per share. The Board also approved a new share repurchase program ...