Cord-Cutting Claimed Another 1.7 Million Cable Customers in Q2. Here's What Investors Need to Know.
Cable television companies are still losing customers... in droves.
That's the big takeaway from last quarter's fiscal results for the industry, anyway. All told, another 1.7 million people in the U.S. cut the cord during the second quarter. The contraction hasn't altered its pace since before, during, and now after the COVID-19 pandemic. And nothing credibly suggests these cancellations will slow down anytime soon.
If you're a shareholder of (NASDAQ: CMCSA), Charter Communications (NASDAQ: CHTR), or any other company operating a cable TV business, you might want to buckle up. Indeed, you may want to find a healthy exit point sooner than later.
Source Fool.com
Comcast Corp. Stock
€35.49
-1.400%
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 44 € there is a positive potential of 23.98% for Comcast Corp. compared to the current price of 35.49 €.
