3 Reasons Comcast Is a Buy After Q2 Earnings
Comcast (NASDAQ: CMCSA) is having itself a year. Not that 2020 was bad -- revenue fell only 2%, propped up by lots of demand for broadband internet connections while subsidiary NBCUniversal's theme parks and movie business was mostly shuttered due to the pandemic. But 2021 is shaping up to be a great run for the media conglomerate. Broadband internet subscriptions are still rolling in at a steady pace, adding to the rally NBCUniversal (as well as Sky across the pond in Europe) is enjoying as the effects of COVID-19 gradually ease. Total revenue increased 20% during the second quarter.
Granted, this is no growth stock. Comcast's double-digit percentage expansion likely won't continue into 2022. Nevertheless, for investors looking for some dividend income paired with slow-and-steady growth, this is a top pick to pay attention to. Here are three reasons why.
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Source Fool.com
