Ouch! Why Comcast Corp. Stock Was Slammed on Thursday
Shares of Comcast (NASDAQ: CMCSA) were hit hard on Thursday, falling as much as 7.2%. The stock finished the trading day down 6.2%.
The stock's sharp sell-off comes as Comcast's vice president of Xfinity services, Matthew Strauss, said during a Merrill Lynch investor conference on Thursday that the company expected to lose about 100,000 to 150,000 video subscribers during its third quarter.
Image source: Getty Images.
Source: Fool.com
Comcast Corp. Stock
€35.76
0.080%
With 15 Buy predictions and not the single Sell prediction the community is currently very high on Comcast Corp..
With a target price of 46 € there is a positive potential of 28.64% for Comcast Corp. compared to the current price of 35.76 €.
