- Comcast (CMCSA +1.3%) will pay $33M and change its operations to resolve a case where it was charged with illegally posting personal information for customers who had paid for unlisted voice service.
- The company will refund about $8M to 75,000 affected customers, who had opted for unlisted voice-over-IP service but had their names, phone numbers and addresses listed online. Comcast also agreed to strengthen restrictions on vendors' use of customer info and revamp its customer complaint handling process.
- Elsewhere today, Cowen and Co. reiterated its Outperform rating on Comcast, with a $62 price target. Shares closed today at $58.46.
- Yesterday, Wunderlich raised its price target on Comcast to $78, from $72. Cowen's target implies 6% upside; Wunderlich's, a 33% upside.