Is Comcast Stock a Buy?
By some measures, the global coronavirus outbreak couldn't have been more devastating for Comcast (NASDAQ: CMCSA). The parent company to a movie studio and theme park name Universal, a wide swath of its business has been put on hold, and its NBC unit continues to face a cord-cutting headwind along with a pandemic-induced slowdown in advertising buys. On the flipside, stay-at-home (and work-at-home) mandates may have cemented its broadband business in place with consumers, while a depressed economy could make cheap entertainment like its upcoming Peacock streaming service a smash hit.
Plenty of rough patches are sure to lie ahead. But, for the same reasons Comcast was a healthy addition to portfolios before the COVID-19 contagion raced out of control, the stock's even more of a buy now.
Image source: Getty Images.
Source Fool.com
