Ouch! Why Comcast Corp. Stock Was Slammed on Thursday
Shares of Comcast (NASDAQ: CMCSA) were hit hard on Thursday, falling as much as 7.2%. The stock finished the trading day down 6.2%.
The stock's sharp sell-off comes as Comcast's vice president of Xfinity services, Matthew Strauss, said during a Merrill Lynch investor conference on Thursday that the company expected to lose about 100,000 to 150,000 video subscribers during its third quarter.
Image source: Getty Images.
Source: Fool.com
Comcast Corp. Stock
€36.57
3.700%
We see a rather positive sentiment for Comcast Corp. with 20 Buy predictions and 1 Sell predictions.
As a result the target price of 45 € shows a positive potential of 23.05% compared to the current price of 36.57 € for Comcast Corp..
