Comcast Loses Gains After Goldman Adds To Conviction Buy

Comcast Corporation CMCSA shares have given up their gains from earlier in the session. This comes after Goldman Sachs added the stock to its Conviction Buy List and put a $31 price target on shares. In the note, Goldman wrote, "We believe the combination of discounted, diverse assets and the potential for a step-up in shareholder returns entering 2012 creates an attractive buying opportunity in CMCSA shares." At last check, shares were trading at $23.72, up 1 cent. Shares had been as high as $24.06 earlier in the session. Comcast Corporation, together with its subsidiaries, provides consumer entertainment, information, and communication products and services to the residential and commercial customers in the United States.