Latest news with #CMCSA
Yahoo
3 days ago
- Business
- Yahoo
Scotiabank Raises Comcast (CMCSA) Price Target, Maintains Sector Perform Rating
Comcast Corporation (NASDAQ:CMCSA) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. Scotiabank has nudged its price target on Comcast Corporation (NASDAQ:CMCSA) to $45 from $44.50, maintaining a rating on the stock. The adjustment reflects the bank's cautious optimism toward the broader Telecom, Media, and Technology (TMT) space as macroeconomic pressures intensify. A couple watching their favorite show on TV, enjoying the entertainment network service. In a note to clients, Scotiabank analysts described the TMT sector as a 'great place to hide' amid mounting global uncertainties, including slowing economic momentum and the impact of escalating tariff disputes. The firm sees companies like Comcast as relatively well-positioned to weather volatility, offering stability in a shifting landscape. While financial performance across the sector is expected to hold steady, Scotiabank flagged potential softness in key subscriber metrics. The bank pointed to slowing population growth, largely attributed to reduced immigration, as a factor that may weigh on new customer acquisition, particularly in broadband and wireless segments. Still, the firm sees Comcast's diversified portfolio, which spans broadband, content, and theme parks, as a buffer against near-term pressures. The modest target increase reflects both confidence in Comcast's earnings potential and caution over demographic headwinds. While we acknowledge the potential of CMCSA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
Earnings Preview: What To Expect From Comcast's Report
Philadelphia, Pennsylvania-based Comcast Corporation (CMCSA) operates as a media and technology company worldwide. With a market cap of $130.6 billion, Comcast operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The company is expected to announce its second-quarter results before the markets open on Thursday, Jul. 31. Ahead of the event, analysts expect CMCSA to deliver a profit of $1.17 per share, down 3.3% from $1.21 per share reported in the year-ago quarter. However, the company has surpassed the Street's bottom-line expectations in each of the past four quarters. Shopify Stock is a Bargain - How to Make a 3.2% One-Month Yield with SHOP Tariffs, Inflation and Other Key Things to Watch this Week Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For the full fiscal 2025, analysts expect Comcast's earnings to remain flat at $4.33 per share, the same as the earnings reported in 2024. While in fiscal 2026, its earnings are expected to grow 7.4% year-over-year to $4.65 per share. CMCSA stock has dropped 7.3% over the past 52 weeks, notably underperforming the S&P 500 Index's ($SPX) 12.1% gains and the Communication Services Select Sector SPDR ETF Fund's (XLC) 22.4% surge during the same time frame. Comcast's stock prices dropped 3.7% after the release of its mixed Q1 results on Apr. 24. While the company's total domestic wireless line customers increased by 323,000, its total domestic broader customer base decreased by 199,000, and its total domestic video customer net losses stood at 427,000. This contributed to its overall topline declining 57 bps year-over-year to $29.9 billion. Meanwhile, the company experienced a slight improvement in margins, leading to a 4.5% year-over-year growth in adjusted EPS to $1.09. Moreover, its cash flows from operations increased 5.7% year-over-year to $8.3 billion. The stock holds a consensus 'Moderate Buy' rating overall. Of the 31 analysts covering the CMCSA stock, opinions include 15 'Strong Buys,' 14 'Holds,' and two 'Strong Sells.' Its mean price target of $40.23 represents a 15% premium to current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Insider
12-07-2025
- Business
- Business Insider
Trump Truth Social: Trump Blasts Big Bird as He Urges ‘Defunding' of PBS
Shares in NBC owner Comcast (CMCSA) switched off today after it was made very clear by President Trump that he isn't an avid viewer. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Rescissions Bill In a Truth Social Post, the President, perhaps tucked up in one of his many beds or curled up on one of his many gargantuan sofas, was clearly on the verge of throwing something very damaging towards his TV. 'It is very important that all Republicans adhere to my Recissions Bill and, in particular, DEFUND THE CORPORATION FOR PUBLIC BROADCASTING (PBS and NPR), which is worse than CNN & MSDNC put together. Any Republican that votes to allow this monstrosity to continue broadcasting will not have my support or Endorsement. Thank you for your attention to this matter!' the President thundered. Lengthy Grudge The comments impacted much of the media sector. MSNBC is owned by Comcast whose shares fell 1%. CNN is owned by Warner Bros. Discovery (WBD) whose shares dropped 1%. Even one of Trump's favorities, Fox (FOX) fell 2.3%. Trump wants to rescind around $9.4 billion in already approved funding from foreign aid and public broadcasters including NPR and PBS. Trump and indeed the Republican party has long held a grudge against PBS wanting the private sector and not government to fund the broadcaster. Perhaps, he has a hidden childhood trauma as a result of watching Big Bird and his friends on the broadcaster's Sesame Street show? However, not all of the media ruffled Trump's feathers today. He praised USA Today after it swooned: 'Trump deserves Nobel Peace Prize. He's achieved more than those who've won before.' Trump's reaction? 'So nice!' Is CMCSA a Good Stock to Buy Now? On TipRanks, CMCSA has a Moderate Buy consensus based on 9 Buy, 9 Hold and 1 Sell ratings. Its highest price target is $48. CMCSA stock's consensus price target is $39.62 implying a 13.17% upside.
Yahoo
09-07-2025
- Business
- Yahoo
Comcast (CMCSA) Positioned for Resilience and Growth Amid Market Volatility and U.S. Tax Tailwinds
Comcast Corporation (NASDAQ:CMCSA) is one of the 10 best defensive stocks to buy in a volatile market. On July 7, Citi analysts said U.S. tax reforms—including full bonus depreciation and expanded interest expense deductions—are set to boost cash flows for North American telecom operators. These changes, part of a new fiscal bill signed by President Trump, are expected to lift industry-wide free cash flow by 10% in 2025 and improve long-term profitability. Jonathan Weiss / Citi reiterated its 'Buy' rating on Comcast, citing improved cash flow prospects and potential for accelerated buybacks. Alongside Verizon and AT&T, Comcast is expected to be a key beneficiary of the legislation, which also includes new spectrum access initiatives for the telecom sector. While we acknowledge the potential of CMCSA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
Comcast Expands High-Speed Internet to 4,000+ Homes, Businesses in Paola, Hillsdale
Comcast Corporation (NASDAQ:CMCSA) is one of the undervalued S&P 500 stocks to buy according to hedge funds. On June 24, Comcast announced the completion of its network expansion into Paola and Hillsdale, Kansas, connecting over 4,000 new homes and businesses to its high-speed, symmetrical internet services. This marks the first time that residents and businesses in these areas have access to Xfinity and Comcast Business services, which include internet, mobile, entertainment, and security. Comcast has invested more than $38 million in technology and infrastructure in Kansas over the past 3 years. The company celebrated the expansion with a ribbon-cutting ceremony at Paola's Town Square, which is the same location where the project's groundbreaking was initially celebrated. During the event, Comcast demonstrated its commitment to the community by donating $2,500 to My Father's House, which is a local non-profit organization that assists and empowers the underserved rural population. A couple watching their favorite show on TV, enjoying the entertainment network service. Comcast now serves 64 million homes and businesses nationwide and offers multi-gigabit internet speeds, 99.9% reliability, and built-in security features. The company is also committed to increasing economic mobility within the community. This includes the Internet Essentials program, which provides eligible households with low-cost and high-speed internet and affordable computers. Comcast Corporation (NASDAQ:CMCSA) is a media and technology company worldwide. While we acknowledge the potential of CMCSA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
