Wunderlich Securities Provides Color on Comcast Corporation, Buy

Wunderlich Securities provided color on Comcast Corporation CMCSA ahead of the bidding for the TV coverage of the 2014 Winter Games in Sochi, Russia, and 2016 Summer Games in Rio de Janeiro, Brazil. Comcast is making a joint bid with NBC Universal. In a research report published today, Wunderlich states, "Comcast maintains that it will not tolerate a repeat of the $223mm NBCU loss on the Vancouver Winter Games and a possible $200mm+ 2012 hit in London. Even with angst over the NBC network capital call, we estimate that NBCU has already generated 2 1/2 points of Comcast stock upside." On Friday, Comcast lost 1.62% of its value to close the week at $24.23. Its shares continued to lose ground in today's pre-market trading, falling another 2.56% to trade around $23.61.