Why Comcast Is the Best Buy in the Cable Industry
Comcast (NASDAQ: CMCSA) shares dropped earlier this month after a top executive said the company expected significant subscriber losses when it reports its third-quarter numbers.
Matthew Strauss, executive vice president for Comcast's Xfinity services, said he expected the company to report a loss of 100,000 to 150,000 subscribers for the quarter in comments made during a Merrill Lynch media conference USA TODAY reported. The executive cited increased competition and Hurricane Harvey for the drop, and the comments were made before Hurricane Irma hit.
Just that comment sent the cable giant's shares moving in the wrong direction. Strauss's remarks were made on September 7. Shares in the company opened at $41.25 that day and closed it at $38.60, dropping to $38.21 when the market closed for the week on September 8, a 7% drop.
Source: Fool.com
Comcast Corp. Stock
We see a rather positive sentiment for Comcast Corp. with 17 Buy predictions and 1 Sell predictions.
As a result the target price of 44 € shows a positive potential of 21.25% compared to the current price of 36.29 € for Comcast Corp..
