| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Comcast Corp (NASDAQ:CMCSA) shares are trading lower by 1.67% to $39.41 Monday. Shares of several telecom stocks are trading lower in sympathy with Verizon Communications Inc. (NYSE:VZ) after the company reported worse-than-expected second-quarter revenue results.
Verizon’s performance in broadband net additions, with 391,000 new subscribers and a 17.2% increase in broadband customers year-over-year, highlights its growing presence in the broadband market. This increase can intensify competition in the broadband space, potentially impacting Comcast's own broadband subscriber growth and revenue.
Additionally, Verizon’s consumer segment showed a slight revenue increase of 1.5% year-over-year and a 100 basis point improvement in EBITDA margin. Despite the disappointing revenue results, this indicates Verizon is efficiently managing its consumer business, which could put pressure on Comcast to improve its own performance metrics to stay competitive.
Read Also: What’s Going On With AT&T Stock?
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Comcast’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, CMCSA has a 52-week high of $47.46 and a 52-week low of $36.43.
