Ahead Of Earnings, Brean Capital Sees Success For Comcast

Brean Capital on Monday previewed Comcast Corporation (NASDAQ: CMCSA) ahead of its fourth quarter earnings results expected to be released on Tuesday. Brean Capital rates Comcast as a Buy with a $65.00 price target.

Analyst Todd Mitchell wrote, "Cable segment results should outstrip its peer group, driven by a market leading HSD service profile and an increasingly differentiated Xfinity video offering, while overall results should be juiced by solid growth and improved profitability at NBCU, led by a revitalization of the Broadcast Network and increased investment at Theme Parks."

Discussing the yet-to-be-approved acquisition of Time Warner Cable Inc. (NYSE: TWC) by Comcast, Mitchell cited three keys that may provide value for Comcast shareholders.

1. The acquisition would bring Time Warner Cable residential business up to the performance levels of Comcast.
2. Opportunities for leverage using both companies' services in their respective markets.
3. New advertising models and development of a more effective digital advertising campaign.

Shares of Comcast recently traded at $58.38, down 0.21 percent.