Has Comcast Stock Gotten Too Cheap? 2 Analysts Think So
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Last week was not a fun one to own Comcast (NASDAQ: CMCSA) stock. After showing strength early in the week, Comcast dropped a bombshell on Wednesday. The company revealed that current trends suggest Comcast could end up losing between 100,000 and 150,000 cable video subscribers in this current fiscal third quarter, as over-the-top, direct-to-viewer streaming apps convince more and more subscribers to cut the cord and ditch their cable packages in favor of buying pure internet service.
Comcast stock dropped more than 6% on the news, but up on Wall Street, some investors are musing that this may have been an overreaction -- and Comcast stock could be a buy.
Source: Fool.com
Comcast Corp. Stock
Comcast Corp. is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
As a result the target price of 46 € shows a positive potential of 28.01% compared to the current price of 35.94 € for Comcast Corp..
