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The Zacks Analyst Blog Highlights: Comcast, Medtronic, Eni, Barclays And Air Products

Published 12/28/2017, 09:11 PM
Updated 07/09/2023, 06:31 AM

For Immediate Release

Chicago, IL – Dec 29, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Comcast (NASDAQ:CMCSA) , Medtronic (NYSE:MDT) , Eni (NYSE:E) , Barclays (LON:BARC) (NYSE:BCS) and Air Products (NYSE:APD) .

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday’s Analyst Blog:

Top Analyst Reports for Comcast, Medtronic and Eni SpA

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Comcast, Medtronic and Eni. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Comcast’s shares have outperformed the Zacks Cable TV industry in the year-to-date period (+17% vs. +12.5%). Comcast has started the nationwide rollout of the DOCSIS 3.1 technology, with its latest xFi Advanced Gateway.

Further, Comcast completed the nationwide rollout of its wireless services under the Xfinity Mobile brand, with plans to include YouTube in its X1 video platform. Also, the company is venturing into residential solar programs with a 40-month deal with Sunrun. Comcast is working towards 5G network deployment and continues to expand its theme park business. Through these actions, Comcast aims to check customer churn and provide viewers with more streaming options.

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However, the Zacks analyst remains concerned about the company’s operations in a saturated and competitive multi-channel U.S. video market. Comcast also continues to lose video customers due to cord-cutting. High debt levels, consolidation-related woes and mounting programming costs are other potential hazards.

(You can read the full research report on Comcast here >>>).

Shares of Medtronic have outperformed the Zacks Medical Products industry over the last three months, gaining +5.1% vs. +3.4%. Medtronic exited the fiscal second quarter on a mixed note. While it demonstrated improved segmental performances at CER, escalating costs and expenses continue to weigh on the bottom line. Unfavorable currency translation also acted as a dampener.

On the bright side, all major business groups contributed to solid top-line growth at CER, which highlighted sustainability across groups and regions, in addition to displaying successful integration and achievement of synergy targets. The Zacks analyst also likes the solid growth trend in the United States as well as healthy global acceptance of its advanced therapies.

The recent launch of a telehealth solution, the receipt of FDA approval and commercial launch of Azure pacemakers buoy optimism. Apart from product innovation, the company is focusing on geographical diversification of its businesses. The stabilizing trend in the global Cardiac Rhythm & Heart Failure (CRHF) market is another upside.

(You can read the full research report on Medtronic here >>>).

Eni’s shares have underperformed the Zacks Integrated Oil industry in the year-to-date period (+3.6% vs. +7.1%). Eni expects oil and gas production in 2017-2020 to grow at 3% per year. For 2017, Eni projects oil and natural gas output at 1.84 million (BOE/D), up 5% year over year.

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Start-ups of new upstream projects in Ghana, Angola, Indonesia, Mexico as well as Egypt has been supporting Eni's crude production growth. Eni commenced natural gas production in Zohr field, located off the coast of Egypt. This new start up would add considerably to the company’s production.

Moreover, Eni’s exit from low-profit operations and broadening of its international asset base hold promise. Eni completely exited from the gas sector in Hungary with the sale of its stake in Tigaz Zrt. On top of that, enhancing oil and gas productions from key upstream projects while maintaining lower capital spending helped the company to generate organic cash balance of €5 billion. Eni expects to fund its future capital spending and dividend payments from this fund.

(You can read the full research report on Eni here >>>).

Other noteworthy reports we are featuring today include Barclays and Air Products.

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Barclays PLC (BCS): Free Stock Analysis Report

Comcast Corporation (CMCSA): Free Stock Analysis Report

Air Products and Chemicals, Inc. (APD): Free Stock Analysis Report

Medtronic PLC (MDT): Free Stock Analysis Report

ENI (MI:ENI

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Zacks Investment Research

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