Comcast -1.9% as MoffettNathanson goes Neutral after run

|By:, SA News Editor

Comcast (NASDAQ:CMCSA) is making a rare premarket move down, 1.9% lower, as MoffettNathanson downgrades it to Neutral along with other cablecos.

At $41.80, The stock is just 7% below the firm's target price of $45, MoffettNathanson notes.

Cable stock prices have risen so much in the past years that "the room for a differentiated upside forecast" is narrower, the firm says. "That the cable companies are very, very good businesses is no longer a secret."

Comcast is up 21.1% this year alone; it's risen 169% over the past five years.

Charter (NASDAQ:CHTR) is 0.7% lower premarket.

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