Media Industry
Industry: Email Alert RSS FeedTaking stock of cable; three cable companies get Salomon buy ratings.(Salomon Brothers recommend stocks)
Broadcasting & Cable, June, 1996 by Colman, Price
Three cable companies get Salomon buy rating Cable companies for several years have been the red-haired step-children in the eyes of investors: underappreciated, undervalued and generally dissed. That could be in for a change. Salomon Brothers cable system analyst Sharon Williams has initiated coverage of three key stocks: Comcast (CMCSK-Nasdaq), Cox (COX-NYSE) and TCI Group (TCOMA-Nasdaq) with a buy rating.
In her research report--"Cable's Tug of War: New Services vs. Competition"--Williams acknowledges that cable stocks have underperformed the broader market since October 1993, but she contends that change is coming. "I'm a real believer in the cable-modem market," Williams says. "I think it will contribute meaningfully to the cash flow of these...
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