Salomon Smith Barney Inc. cable analyst Niraj Gupta reiterated his "outperform" rating on Comcast Corp., as he expects the Philadelphia-based MSO to turn in a strong first quarter. In a report, Gupta estimated that Comcast should easily hit its 2003 cash-flow target of between $6.2 billion and $6.3 billion — his estimate is for $6.4 billion. Gupta also predicted the MSO generated at least $1.4 billion of cash flow in the first quarter, an 18 percent improvement over the same period last year. Gupta wrote that expected basic-subscriber gains and increased profitability from repackaging former AT&T Broadband digital service should drive that growth.
The smarter way to stay on top of the multichannel video marketplace. Sign up below.
Thank you for signing up to Multichannel News. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.