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Comcast Corp Class A CMCSA

Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Comcast Posts Solid Third Quarter; Increasing Fair Value Estimate to $50

Analyst Note

| Michael Hodel, CFA |

Comcast continues to benefit from strong broadband demand as consumers spend more time at home. We’re increasing our fair value estimate to $50 from $47 on modestly higher expectations across most of the firm’s segments. Our wide moat rating is unchanged. With the shares trading lower along with the rest of the market this week, we believe the stock is attractive even with the positive response to earnings.   

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Company Profile

Business Description

Comcast is made up of three parts. The core cable business owns networks capable of providing television, Internet access, and phone services to roughly 59 million U.S. homes and businesses, or nearly half of the country. About half the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in exclusive and proprietary content to build this position. The firm is also the largest pay-television provider in Italy and has a presence in Germany and Austria.

Contact
One Comcast Center
Philadelphia, PA, 19103-2838
T +1 215 286-1700
Sector Communication Services
Industry Entertainment
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Aggressive Growth
Employees 190,000

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