Notable Analyst Calls: GameStop (GME), Broadcom (AVGO), Skyworks (SWKS), Comcast (CMCSA)

Stock Exchange

Analysts at Telsey Advisory Group are out with a report today upgrading shares of GameStop Corp. (GME) with an ‘Outperform’ from ‘Market Perform’ rating. The firm set its price target for the company at $35 a share, saying investors should look at GameStop as a portfolio of businesses—rather than as a gaming retailer—that continues to generate strong free cash flow.

In the past 52 weeks, shares of Grapevine,Texas-based company have traded between a low of $24.33 and a high of $47.83 and are now at $25.50.

Shares are down 39.39% year-over-year and 7.40% year-to-date.

Morgan Stanley (MS) analysts initiated coverage on Broadcom Limited (AVGO) with an ‘Overweight’ rating.

Broadcom Ltd. recently traded at $143.55, a loss of $5.17 over Friday’s closing price. The name has a current market capitalization of $56.78 billion.

As for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 1.34%. Five year average dividend yield currently stands at 1.37%.

Investment analysts at Morgan Stanley initiated coverage on shares of Skyworks Solutions Inc. (SWKS) in a note issued to investors on Monday.

Shares continue to decline in late trading on the heels of Morgan’s bearish initiation.

SWKS is down more than 6% on strong volume.

Comcast Corporation (CMCSA) was reiterated a ‘Buy’ by Nomura analysts on Monday. The broker raised its price target on the stock to $73 from $70.

Comcast Corp. shares are currently changing hands at 18.93x this year’s forecasted earnings, compared to the industry’s 4.99x earnings multiple. Ticker has a t-12 price/sales ratio of 1.98. EPS for the same period registers at $3.30.

Shares of CMCSA have gained $0.81 to $62.47 in the last hour of trading on Monday, giving it a market cap of roughly $152 billion. The stock traded as high as $64.99 on July 22, 2015.

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