Is It Time to Sell Comcast Stock?
Comcast's (NASDAQ: CMCSA) steady pace of expansion has not been enough to satisfy investors in the present bear market. Share prices of the cable communications and media giant are down 26% so far in 2022 after the second-quarter update disappointed, compared to just a 13% drop for the S&P 500 index.
This is no growth stock. Instead, Comcast is a bet on consistent earnings and dividend payments. With the stock price in retreat, is now the time to sell this market underperformer?
Comcast's Q2 2022 results were decent enough. Revenue was up 5% year over year and adjusted earnings per share were up 20%, both surpassing what the average stock analyst was expecting. Free cash flow, a much more volatile profitability metric from quarter to quarter, was down 34% from a year ago.
Source Fool.com
