Why Comcast Investors Should Be Wary of Cord Cutting
Any notions that Comcast (NASDAQ: CMCSA) would be able to escape the cord-cutting phenomenon have been decidedly put to rest.
After bucking industry trends and gaining 161,000 subscribers in 2016, the cable giant has lost pay-TV customers for each of the last two quarters. Comcast added 42,000 cable customers in Q1, then lost 34,000 in Q2, and another 125,000 in Q3.
That's still better than many of its rivals, but it seems very likely that as the cable universe shrinks Comcast will be hurt. The company does have ways to offset those losses, but investors should still be concerned about the increasing impact of cord-cutters on the company.
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..
