Back to top

Image: Bigstock

Comcast Corporation

Read MoreHide Full Article

Comcast’s fourth-quarter 2018 results benefited from solid growth in the number of residential high-speed Internet customers. Advertising revenues also increased due to higher political advertising. Notably, Comcast’s strategy to market broadband-only packages to customers is benefiting top-line growth. Further, expanding Wi-Fi coverage along with innovative xFi control features is improving customer experience. Moreover, the company’s Xfinity Mobile is now used by more than one million customers. Further, the Sky acquisition expands Comcast’s international reach. Sky’s content portfolio strength is a major growth driver. Additionally, NBCUniversal’s upcoming streaming service is a key catalyst. However, the company continues to lose voice and video subscribers due to cord-cutting and stiff competition. Additionally, high debt level is a headwind. Shares have underperformed industry in the past year.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Comcast Corporation (CMCSA) - free report >>

Published in