Comcast Corporation (NASDAQ:CMCSA) ranks among the top NASDAQ stocks for retirement. On June 23, UBS reaffirmed its Neutral rating for Comcast Corporation (NASDAQ:CMCSA), with a $32 price target. The firm forecasts second-quarter results to show greater connectivity EBITDA reductions, while content improves due to fewer NBA games, playoff marketing, and Peacock approaching profitability.
UBS revised its second-quarter expectations to reflect lower park performance, now expecting total company revenue to climb 1.6% and EBITDA to fall 6.6% in the second quarter, adjusting for Versant, compared to previous projections of 2.0% revenue growth and a 6.3% EBITDA decrease.
The firm continues to forecast moderate growth in the latter half as the new pricing and packaging, as well as the NBA deal, are implemented, while political advertising ramps up.
In a separate vein, Comcast’s Xfinity began offering same-day Wi-Fi hardware to new customers in 20 select cities on June 16, with plans to expand the service to other Xfinity regions by early next year. The Xfinity app allows consumers to set up the company’s Wi-Fi Gateway, connect devices instantly, adjust their WiFi configurations, and monitor their home network.
Comcast Corporation (NASDAQ:CMCSA) provides internet, video, and phone services. The company’s operations are divided into the following segments: Residential Connectivity and Platforms; Business Services Connectivity; Media; Studios; and Theme Parks.
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