Comcast stock (NASDAQ: CMCSA), one of the largest cable TV and internet players in the U.S, currently trades at $39 per share, about 32% below the peak of $61.75 seen in September 2022, and appears to have room for some gains. Comcast has been weighed down by a couple of factors, including slowing growth of the broadband market following a surge seen through Covid-19, and continued subscriber losses in cable TV operations.
Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast's minority stake in Hulu, if an appraiser were to agree with Comcast's assessment that the stake should be valued at more than $40 billion. Earlier this year, Disney and Comcast hired investment bank RBC Capital as the independent appraiser to resolve a dispute over how to value the 33% stake in the streaming platform, according to people familiar with the matter.
Charter's Spectrum and Comcast's Xfinity have been losing high-speed internet subscribers for a few quarters now. Consumers are finding more cost-effective and convenient broadband service with providers that haven't been in the business for very long.
Disney and Comcast hired investment bank RBC Capital as the independent appraiser to resolve a dispute over how to value the 33% stake in the streaming platform.
Walt Disney said on Wednesday it may have to pay up to $5 billion more to buy Comcast's minority stake in Hulu, if an appraiser were to agree with Comcast's assessment that the stake should be valued at more than $40 billion.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Global media and broadband giant Comcast Co. NASDAQ: CMCSA stock is underperforming the S&P 500, trading down 9.4% year-to-date (YTD) versus the index, up 14.54%. Its Q2 2024 earnings results did nothing to break it out of its 4-month trading range.
Comcast is losing in broadband and streaming, which doesn't bode well for its future.
Diamond Sports reached a deal to see its regional sports networks return to Comcast's cable TV customers on August 1. Diamond's Bally Sports networks went dark for Comcast cable customers in early May.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Comcast (CMCSA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
At its scale, Comcast likely won't grow much in the coming decade, which won't be helpful for the stock price. The company can boost shareholder value by the shareholder-friendly moves it routinely makes.