Comcast Just Punted Its Last Best Hope for Growth. Now What?
With the cord-cutting movement still in full swing at the same time its broadband service's growth is slowing to a crawl, you'd think (NASDAQ: CMCSA) would recognize -- and then maximize -- its next-best growth opportunity. But, rather than doubling down on free ad-supported TV (FAST) or ad-supported video on-demand (AVOD), the company is pulling back a bit from the business, hedging its bet in a way that could limit its ultimate upside.
It's yet another thing any investor should consider before buying or sticking with Comcast stock.
Last week, Comcast's NBCUniversal announced that a great deal of its entertainment content would soon be made available to consumers ... for free. It wouldn't be made available through its streaming platform, Peacock, though, or any other NBCUniversal branded platform. Rather, more than a couple dozen thematically organized channels featuring Comcast's intellectual property will be added to free-to-watch, ad-supported streaming service Xumo's channel lineup. Amazon's (NASDAQ: AMZN) free-to-watch service Freevee will also be gaining access to the same entertainment content.
Source Fool.com
Comcast Corp. Stock
With 19 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 45 € there is a positive potential of 21.79% for Comcast Corp. compared to the current price of 36.95 €.
