Comcast Corp Class A
CMCSA: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$72.00 | Dphs | Fcmfwssjd |
Comcast Stock Deeply Undervalued as Market Misinterprets Zero Growth
Comcast’s second quarter was a mixed bag, but the market has keyed in on one negative figure: zero net broadband customer additions during the period, with a loss of 10,000 net residential customers. Very modest broadband growth is likely here to stay; we believe investors are better served focusing on the firm’s ability to generate strong cash flow despite lingering pandemic headwinds and to return that cash to shareholders. Our $60 fair value estimate is unchanged.