Comcast executives said the company's focus would shift to growing its mobile business after a bigger-than-expected loss of broadband customers. Broadband customer growth has lagged in recent quarters as competition from wireless providers has ramped up.
J.P. Morgan analyst Sebastiano Petti has maintained their neutral stance on CMCSA stock, giving a Hold rating today.Invest with Confidence:
Citi analyst Michael Rollins lowered the firm’s price target on Comcast (CMCSA) to $44 from $47 and keeps a Buy rating on the shares. Comcast
Comcast executives touted upcoming split to Wall Street as cable networks prepare to separate from the rest of NBCUniversal.
Laggy internet might be a thing of the past, at least for Comcast customers. In a press release today, the company introduced what it calls a first in the nation -- ultra-low-latency internet designed for gaming, videoconferencing, and virtual reality. The technology has been in testing since 2023.
Comcast’s (CMCSA) stock is sinking 13% after the firm reported that it had lost net totals of 139,000 broadband internet customers and 311,000 video subscribers last quarter. The large declines drew investors’ attention away from the company’s stronger-than-expected Q4 results.
Comcast beat Wall Street expectations for its fourth quarter of 2024 as Peacock continued to narrow its losses and “Wicked” helped the studios business defy gravity with an 85% increase in profit.
Wall Street will be paying attention to Comcast’s broadband, streaming and theme park businesses, as well as progress of the spinout of its cable TV networks.
Comcast has announced a new ultra-low latency connection that promises almost zero lag during gameplay and video calls.
The low-lag feature is free but only available for some apps on a subset of the Philadelphia cable giant’s network.
Comcast (CMCSK) (CMCSA) announced that it increased its dividend by 8c, or 6.5% year-over-year, to $1.32 per share on an annualized basis for 2025. In accordance with the increase, the board of directors declared a quarterly cash dividend of 33c a share on the company’s common stock,