Comcast slides on flat Q2 subscriber numbers in streaming, broadband
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JPMorgan Downgrades Comcast Corp (CMCSA) to Neutral 'As Broadband Growth Stalls'
July 29, 2022 3:57 AM EDTJPMorgan analyst Philip Cusick downgraded Comcast Corp (NASDAQ: CMCSA) from Overweight to Neutral with a price target of $45.00 (from $52.00).
The analyst comments "We downgrade Comcast to Neutral (from Overweight) on lower cable estimates (subs and financials) and establish a December 2023 price target of $45, which assumes exiting 2023 at 13.8x 2023E FCF and 11.9x 2023 EPS. Comcast reported mixed 2Q results with solid... More
Charter Communications (CHTR) Trades Lower in Sympathy with Comcast (CMCSA)
July 28, 2022 9:49 AM EDTCharter Communications (NASDAQ: CHTR) Trades Lower in Sympathy with Comcast (NASDAQ: CMCSA)
CMCSA -8.5%CHTR -7%... More