Analyst Jeffrey Kvaal lifted tghe price target ahead of the release of Philadelphia-based company's first-quarter results on April 25. He maintained a neutral rating on Comcast's shares.
"We expect Comcast to deliver upside to consensus HSI (high speed internet) net adds, strong enterprise demand, and video losses no worse than consensus," Kvaal said in a note to investors.
Kvaal said he was comfortable with his high-end HSI net add estimate for the first quarter, saying he considers the 356,000 figure "easily achievable given strong enterprise demand." Video net losses should be no worse than consensus of 108,000 and mobile net adds should match the consensus of 217,000, he said.
In January, Comcast reported fourth-quarter earnings of 64 cents a share on revenue of $27.84 billion, beating analysts' estimates of 62 cents a share on $27.55 billion in revenue. The company fell short on net additions of high-speed internet customers, reporting 351,000 net adds compared with analysts' forecast of 360,000.