Comcast Reports 2nd Quarter 2022 Results
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JPMorgan Downgrades Comcast Corp (CMCSA) to Neutral 'As Broadband Growth Stalls'
July 29, 2022 3:57 AM EDTJPMorgan analyst Philip Cusick downgraded Comcast Corp (NASDAQ: CMCSA) from Overweight to Neutral with a price target of $45.00 (from $52.00).
The analyst comments "We downgrade Comcast to Neutral (from Overweight) on lower cable estimates (subs and financials) and establish a December 2023 price target of $45, which assumes exiting 2023 at 13.8x 2023E FCF and 11.9x 2023 EPS. Comcast reported mixed 2Q results with solid... More
Comcast (CMCSA) Tops Q2 EPS by 9c
July 28, 2022 7:02 AM EDTComcast (NASDAQ: CMCSA) reported Q2 EPS of $1.01, $0.09 better than the analyst estimate of $0.92. Revenue for the quarter came in at $30.02 billion versus the consensus estimate of $29.89 billion.
Our financial results in the second quarter were very strong across the board, with Cable, NBCUniversal, and Sky each delivering solid growth in adjusted EBITDA, resulting in a double-digit increase... More
