NEW YORK (TheStreet) -- Shares of Comcast (CMCSA) - Get Report  were advancing in late-afternoon trading on Monday as the Philadelphia-based media company is slated report 2016 third-quarter results before Wednesday's opening bell. 

Analysts surveyed by FactSet are projecting adjusted earnings of 91 cents per share and $21.15 billion in revenue. 

For the same period last year, Comcast earned 80 cents per diluted share on revenue of $18.67 billion. 

Additionally, Macquarie today raised Comcast's stock rating to "outperform" from "neutral" and upped its price target to $77 from $69, TheFly reports. 

Comcast has become a "one-stop shop" for consumers, offering wireless optionality, digital services and Xfinity television in addition to recent investments in BuzzFeed and DreamWorks Animation, the firm said. 

The company's healthy balance sheet leaves room for more vertical integration, Macquarie noted. 

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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Comcast as a Buy with a ratings score of A-. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and increase in stock price during the past year. The team feels its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: CMCSA

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