Deutsche Bank Reaffirms Buy Rating On Comcast (CMCSA)

In a recent report, Deutsche Bank reaffirms a buy rating on Comcast CMCSA and flags CMCSA due to overly strong cable trends. In the report, Deutsche Bank said, "We would take advantage of Comcast's stock weakness post earnings. In our view, Cable trends are too strong for the stock to stay at this depressed multiple (5.4x ‘12E EV/EBITDA and 10.5x P/E ex-amortization), especially as Cable remains 90% of Comcast's value." The price target on Comcast remains at $33.00 and EPS for 2011 remains at $1.56. Comcast closed yesterday at $25.96.