Is Comcast Stock a Buy?
With the market recently surging to all-time highs, investors may wish to look for more defensive names in the new year. One such name is Comcast (NASDAQ: CMCSA), America's largest broadband and cable company, which also owns NBCUniversal and Sky Plc. It pays a 1.8% dividend and trades at a reasonable 17.4 times next year's earnings estimates. That compares with the 26 forward P/E ratio for the S&P 500 index.
At first glance, Comcast looks like a solid value relative to the rest of the high-flying market, but is that really true?
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Source Fool.com
