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Comcast Stock Surges As NBC Merger Nears

  • The Street, Wednesday, December 15, 2010 11:19 PM
Comcast hit a 52-week high today after analyst Craig Moffett of Bernstein Research upgraded the cable company to a buy rating and raised his target price to $26 from $20. Comcast spiked more than 4% to a new year-high of $22.22 in morning trading today and is currently trading around $22.15. Moffett upgraded Comcast in anticipation of the company's acquisition of General Electric's NBC Universal, which he expects to be finalized in 2011.

Moffett upgraded Comcast in anticipation of the company's acquisition of GE's NBC Universal, which he expects to be finalized in 2011.

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