NEW YORK (TheStreet) -- Netflix (NFLX) said Tuesday that video speeds on Comcast's (CMCSA) network were up 11% after four straight months of decline. The announcement of faster broadcast speeds on the nation's No. 1 cable company has helped push Netflix shares up 1.09% to $444.80 on Tuesday.
Comcast is the nation's largest cable service provider with 23 million subscribers. Netflix previously has had trouble streaming over the vast network. Those struggles came to an end after Netflix announced that it had reached a deal to pay Comcast for access to its broadband network.
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TheStreet Ratings team rates NETFLIX INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about its recommendation:
"We rate NETFLIX INC (NFLX) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."