Morgan Stanley Provides Color on Comcast

Morgan Stanley provided color on Comcast CMCSA. In a research report published today, Morgan Stanley stressed its optimism that the company‘s stock will outperform the industry average in the short term. In the report, Morgan Stanley states, “We believe the share price will rise relative to the industry over the next 30 days. This is because of an earnings release. We expect Comcast to report results above expectations at both its cable and content businesses when it reports 2Q11 results on Wednesday, August 3rd... We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.” At the moment, the rating agency has an Equal-weight rating placed on the company's stock. On Thursday, CMCSA lost 1.99% of its value to end the day at $24.17.