CMCSA - Comcast Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
-0.61 (-1.30%)
At close: 4:00PM EDT

46.27 0.00 (0.00%)
Pre-Market: 7:11AM EDT

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Previous Close46.88
Bid0.00 x 3000
Ask46.35 x 1400
Day's Range45.79 - 46.62
52 Week Range32.61 - 47.27
Avg. Volume16,904,239
Market Cap210.297B
Beta (3Y Monthly)0.99
PE Ratio (TTM)17.67
EPS (TTM)2.62
Earnings DateOct 24, 2019
Forward Dividend & Yield0.84 (1.79%)
Ex-Dividend Date2019-10-01
1y Target Est49.42
Trade prices are not sourced from all markets
  • Reuters

    NBCUniversal names streaming service 'Peacock,' to launch in 2020

    Peacock, which will also offer classic sitcoms like "The Office" and "Parks and Recreation", is scheduled to launch in 2020, NBCUniversal said. The company owns traditional television network NBC, whose logo features a peacock.


    Netflix Is Moving on After Losing ‘Friends.’ It Just Won the Rights to ‘Seinfeld’

    The company has reached a five-year deal to offer all 180 episodes of “Seinfeld” in the U.S. and most other markets starting in 2021.


    Netflix, in Comeback, Snags 'Seinfeld' After Losing 'Friends'

    Netflix confirmed media reports that it acquired the rights for all 180 Seinfeld episodes. Netflix will have control of the program beginning in 2021 under the five-year pact with Sony Pictures.

  • Business Wire

     Comcast Business ActiveCore℠ Platform Enhances Digital Experience; Providing Enterprises Greater Network Control, Flexibility and Peace of Mind

    Comcast Business today announced new enhancements to the digital experience of the Comcast Business ActiveCore℠ software defined networking (SDN) platform that give enterprise users the flexibility to monitor their networks across multiple locations, branch offices or data centers anywhere, on any device or even, with the sound of their voice. The ActiveCore SDN platform now allows enterprises to take advantage of voice-enabled technologies to request and receive real-time network updates using any Amazon Alexa-enabled device. With simple voice commands, such as "Alexa, open ActiveCore" or "Alexa, ask ActiveCore, how my network is doing,” customers are provided insights into what is happening across their entire network, including sites that are up or down.

  • JP Morgan’s 3 Top Value Stocks To Buy Now

    JP Morgan’s 3 Top Value Stocks To Buy Now

    Are you ready? JP Morgan is predicting a sizable shift in investing. According to the firm’s chief US equity strategist, Dubravko Lakos-Bujas, style positioning remains primed for a rotation to Value from Momentum/ Low Volatility.He made the call last week after the market experienced one of the largest 3-day Momentum-Value rotations in over 30 years. The trigger: better than expected economic data, monetary and fiscal stimulus, easing trade tensions, and stabilization in yields. In the current rotation ~5 months of Momentum outperformance was given back in only 3 days, noted Lakos-Bujas. “The correlation between Value and Momentum is near 30-year lows, signaling extremely oversold positioning for Value” he writes, adding that history suggests that Momentum sell-offs of similar magnitude are on average followed by prolonged Momentum underperformance, Value outperformance, and a flat to higher equity market. So with this outlook in mind, which value stocks should you consider adding to your portfolio now? The Value PortfolioHere we take a closer look at three hot stocks in the Top 10 holdings of JP Morgan’s Large Cap Value Fund. To come up with these holdings, the firm analyzes company prospects for as long as five years, to gain insight into a company's real growth potential. Its goal: to identify the most undervalued securities in each sector“Looks for attractive valuations as well as catalysts for stock price increases, higher potential reward versus risk, and temporary mispricing caused by market overreactions” writes the firm. With this strategy in mind let’s dive into three of the portfolio’s key holdings. 1\. Marathon Petroleum CorpMarathon Petroleum (MPC– Get Report) is an independent petroleum product refiner, marketer and transporter headquartered in Ohio. It’s the largest refiner in the US, with over 3 million barrels per day of capacity across 16 refineries. At the same time, MPC also is the general partner of a midstream partnership, MPLX LP (MPLX), and has a network of nearly 4,000 company-owned retail stations.“We continue to favor coastal refiners (OW-rated MPC, PSX and VLO), who have an opportunity for modestly wider coastal differentials for both light (MEH/LLS) and heavy (Maya/WCS) crudes” cheered JP Morgan analyst Phil Gresh on September 10. He has just reiterated his buy rating with a $62 price target (16% upside potential). According to Gresh, MPC trades inexpensively on a sum-of-the-parts basis, “around which we hope that the company will look to unlock value soon.” Indeed, the Street as a whole has a bullish outlook on Marathon Petroleum. The stock shows a Strong Buy consensus with a $67 average analyst price target. For instance, RBC Capital’s Brad Heffern reiterated his buy rating following the company’s latest earnings results. He notes that MPC recently acquired ANDV, and achieving a $1.4 billion synergy target would be a major catalyst. “In our opinion, Marathon's retail business, Speedway, is the most attractive retail franchise in our coverage universe, and the extension of the Speedway model to the acquired ANDV stores could provide meaningful upside” the analyst wrote. 2\. Comcast CorpTelecoms giant Comcast (CMCSA– Get Report) is the number 1 holding in JP Morgan’s Large Cap Value portfolio (at 4.3% of the portfolio). The firm’s Philip Cusick recently singled out CMCSA as one of his top picks in the cables industry, calling it undervalued based on the company’s strong free cash flow. Encouragingly, this ‘Strong Buy’ stock has received only buy ratings from the Street in the last three months. And you can also add to the mix a rare Conviction Buy rating from Goldman Sachs’ Brett Feldman. That’s with an average analyst price target of $53 (12% upside potential). Bear in mind shares have already surged 38% year-to-date. Five-star Oppenheimer analyst Timothy Horan is one of 10 analysts currently bullish on Comcast. He upgraded CMCSA on September 5, explaining: “We think cable can become a 50%-plus EBITDA margin business on lower CAPX, while still growing broadband share and pricing with superior service.”“CMCSA has 1 gig availability in nearly 100% of its network, and we expect CMCSA to continue to increase ARPUs 4% per year. Negatively, we expect carriers to roll out 5G aggressively, which adds competition but not until 2021 or later” Horan wrote. His $54 price target stands marginally above the average analyst price target. 3 Cigna Corp Health insurance stock Cigna (CI– Get Report) is the joint third largest holding in the JP Morgan Large Cap Value Fund. Like Comcast, the stock shows 100% buy ratings from the Street with 8 bullish calls from analysts over the last three months. Meanwhile the $214 price target translates into sizable upside potential of 33%. Five-star Oppenheimer analyst Michael Wiederhorn believes that CIGNA remains one of the most attractive areas to invest for the long-term and continues to offer some of the most compelling value.In particular, the Street is keeping a close eye on the massive $67 billion merger with Express Scripts which closed at the end of last year. The deal, which paired a health insurance giant with the US's largest pharmacy benefit manager, should pay strong long-term returns for shareholders. That’s thanks to a compelling opportunity to cross-sell services, alongside a more equity-friendly capital structure. “Given the stock's attractive valuation, we believe long-term holders will ultimately be rewarded. As a result, we maintain our Outperform rating and would continue to be buyers” commented Wiederhorn. Even though regulatory pressure affects all ends of the pharmaceutical supply chain, he believes that the stock’s depressed multiples are well overdone.Discover Wall Street’s most loved stocks with the Top Analysts’ Stocks tool


    First Eagle Investment's Matthew McLennan to Keynote 2020 GuruFocus Value Conference

    Successor to Jean-Marie Eveillard brings wealth of knowledge and experience Continue reading...

  • American City Business Journals

    Universal patent hints at fast-paced racing attraction

    Universal Parks & Resorts continues to research innovative ways to create cutting-edge rides, and its latest patent supports a future ride for its Nintendo land project. The theme park giant published a patent on Aug. 28 for a “System and Method for Positioning Vehicles of an Amusement Park Attraction” showing a technology that could improve how race-themed rides could be improved to include more than one ride car at the same time.  “Amusement parks often include attractions that incorporate simulated competitive circumstances between the attraction participants.

  • iPhone 11 and iPhone 11 Pro Available to Pre-order From Xfinity Mobile on September 13 With $250 Promotion
    Business Wire

    iPhone 11 and iPhone 11 Pro Available to Pre-order From Xfinity Mobile on September 13 With $250 Promotion

    Comcast today announced Xfinity Mobile will offer the latest products from Apple, including iPhone 11 Pro and iPhone 11 Pro Max, a new pro line for iPhone, as well as the new dual-camera iPhone 11. Through October 27, customers get $250 back when they purchase a new iPhone, activate a new line, and port their number to Xfinity Mobile. Customers will be able to preorder iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max beginning Friday, September 13, at

  • NBC Sports Chicago prepping for new era with no live Cubs game telecasts
    American City Business Journals

    NBC Sports Chicago prepping for new era with no live Cubs game telecasts

    The local sports cable channel's live telecast of Cubs games ends on Sept. 26, prompting the outlet to launch an aggressive marketing push to herald a new era.

  • J.J. Abrams's Bad Robot Better Be Good at AT&T

    J.J. Abrams's Bad Robot Better Be Good at AT&T

    (Bloomberg Opinion) -- Careful, AT&T, those Hollywood lights can be blinding. The industry newbie has just struck an eye-popping deal with sought-after director J.J. Abrams to bring more of his movie magic to the telephone-giant-turned-media-conglomerate. AT&T Inc.’s offer amounted to: Dear J.J., please take this wheelbarrow of money. The deal between AT&T’s new WarnerMedia division and the Bad Robot production company, led by husband-and-wife team Abrams and Katie McGrath, is reported to be worth more than $250 million. That’s after Apple Inc. bid $500 million, according to Hollywood Reporter, though Abrams was said to have turned down that offer in part because he wanted to maintain a large box-office presence. With WarnerMedia, Abrams can create content for both the big screen and online-streaming properties. Bad Robot has previously produced hits such as “Star Wars: The Force Awakens,” and the shows “Lost” and “Alias.” The outrageous sums that AT&T and reportedly Apple put forth are emblematic of the escalating arms race for content. Entertainment giants – those new to the business, in particular – are trying to secure hit TV series and films for new streaming-video services launching in the coming weeks and months to compete with Netflix. Apple TV+ is set to be released Nov. 1, followed by Disney+ on Nov. 12 and AT&T/WarnerMedia’s HBO Max next spring. (Last year, AT&T acquired WarnerMedia, formerly called Time Warner, the parent of Warner Bros., HBO, CNN, TBS and other networks.) While most of these relatively low-priced subscriptions are years away from being able to turn a profit, the media giants are willing to bear the cost and pay up for the content to attract and keep customers.But WarnerMedia also threw in an unusual perk for Abrams: He gets to own potentially as much as a 50% stake in the projects he creates for the company, according to NBC News. The inclusion of a term like that, combined with the value of the contract, makes the deal look like a rookie move by WarnerMedia and the executive spearheading its streaming strategy, John Stankey, a three-decade veteran of AT&T’s phone business. Either that or desperation. Virtually no other media or tech giant would likely agree to give up those content rights. In fact, Walt Disney Co. is moving to cut back on the profits it shares with showrunners and stars after hit series pass the crucial 100-episode mark and enter into lucrative syndication deals, according to the Los Angeles Times. Disney wants control over that future licensing windfall, preferring to instead divide profits earlier on, when they aren’t quite as big.It’s no wonder that after Disney, Comcast Corp., Viacom Inc., Sony Corp. and Netflix Inc. were all said to have looked at Bad Robot, AT&T and its new media moguls landed the deal. Stankey, known for a brusque management style, has already had a rough start when it comes to gaining the respect of his new media employees and shaping the vision for WarnerMedia. It's part of the reason shareholder Elliott Management Corp. launched an activist campaign at AT&T this week, calling for more operational focus and a clearer strategy. AT&T CEO Randall Stephenson recently promoted Stankey to chief operating officer in addition to his role presiding over WarnerMedia specifically.Stankey and Stephenson aren’t the only industry outsiders starstruck by Hollywood and feeling the pressure to pay whatever’s necessary to expand streaming-app libraries and keep viewers from canceling subscriptions. Apple TV+ has reportedly dished out $300 million for the first two seasons of “The Morning Show,” an original series starring big names like Jennifer Aniston and Reese Witherspoon. Disney+ spent about $15 million on each episode of its “Star Wars” series, “The Mandalorian,” which adds up to the cost of a big-budget film. But AT&T’s leaders are showing their inexperience in the world of content and entertainment, driving away key internal personnel while so eagerly courting Abrams. The company’s post-deal turnover was punctuated by the high-profile exits of HBO’s Richard Plepler and Turner’s David Levy earlier this year.In reporting on the Abrams deal, Bloomberg News also uncovered an interesting detail about what actually happened to Kevin Tsujihara. He’s the former head of Warner Bros. who left in March amid a sex scandal involving an actress with whom he was having an affair and was accused of helping to land film roles. At first it seemed like Tsujihara was going to stay on despite the scandal, and in fact he had even just been promoted by Stephenson. However, Bloomberg reports that Abrams’s wife, McGrath, essentially gave AT&T an ultimatum, saying that’d it be hard for Bad Robot and WarnerMedia to work together if Tsujihara was there. It all makes sense now.As for the deal, Stankey had better hope Bad Robot makes good movies, because it seems none of his industry peers were willing to offer what he did. To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • The Presidential Election Is a Twitter Stock Tailwind

    The Presidential Election Is a Twitter Stock Tailwind

    In this current environment, buying Twitter (NYSE:TWTR) above the psychological threshold of $40 seems risky. The last time Twitter stock was so consistently elevated was back in June of last year. During that period, TWTR was angling to break into $50 but it failed quite spectacularly.Source: Worawee Meepian / Another point to consider is what my InvestorPlace colleague Will Ashworth recently stated. Comparing Twitter to Square (NYSE:SQ), Ashworth declared that the latter was the better name. One of the reasons is that Square is fundamentally more useful and valuable than Twitter.As Ashworth points out, SQ has introduced many innovations, one of which is Square Terminal. He wrote last month:InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt the Canadian launch of Square Terminal, Dorogusker, Square's head of hardware, told reporters that the portable terminal provides small- and medium-sized businesses with the ability to manage inventory, send invoices, record deposits, manage payment histories, and generate reports about their companies…The product eliminates the need for shopkeepers to deploy a slew of iPads, smartphones and tablets, to successfully operate their businesses.Plus, TWTR stock is just a social media-based investment. In that space, Facebook (NASDAQ:FB) is king, and by a very wide margin. * 10 Stocks to Sell in Market-Cursed September Having said that, Twitter stock has some surprising catalysts that could help support shares in a recession. Here are three reasons why: President Trump Loves TwitterThere's an old saying that there's no such thing as bad publicity and Twitter is testing that thesis. As we all know, President Trump loves using the social media platform. Perhaps it suits his personality. Perhaps because he's a former reality TV star, he's a master of the soundbite.Of course, it's difficult to quantify the impact the executive office has had on Twitter, and some experts have stated Trump imposes a negative influence on the company because of issues like bullying and harassment.Still, I'm going to argue that overall, this administration has provided a net positive impact on Twitter stock. Primarily, every time Trump makes a groundbreaking announcement or posts a controversial statement, it's almost always done through Twitter. When various media outlets report on the subject, the company gets free advertising.Further, Twitter caters to a younger audience, ultimately helping the company's revenue-generation efforts. Since late last year, social media has transitioned into the leading news source, besting newspapers. And Trump's tweets of consciousness inspire other politicians to respond. In many ways, Twitter is a real-time, dynamic news source. That very well might benefit Twitter stock. Political Rancor Is Good for Twitter StockRecently, Oppenheimer analysts upgraded media behemoth Comcast (NASDAQ:CMCSA). Although Comcast suffers under the broader framework of cord cutting, CMCSA has moved up significantly this year.Interestingly, one of the reasons analysts there are so optimistic is the upcoming 2020 elections. The last presidential election was a golden moment for cable TV, lifting the dying traditional news media sector. With an even more contentious political environment, cable providers like Comcast should benefit.I don't really see it that way. According to the Pew Research Center, a significant percentage (22%) of the under-50 crowd get their news from social media. Moreover, a whopping 36% of the under-30 folks get their news from sources like Twitter. Right there, you have a good reason to consider Twitter stock: the underlying company will eventually replace other sources (TV, radio, and print) for news distribution.If that doesn't convince you to think about TWTR stock, also note millennials' political engagement behaviors. Nobody in this group is writing to their Congressional representatives. Instead, they're on Twitter.This isn't just a nice little statistic. Advertisers know these trends firsthand and are willing to pay big bucks for this lucrative exposure. While we'll see many winners come November 2020, one of the biggest could be Twitter stock. Twitter Is More Open Than FacebookOne common criticism against TWTR stock is that Twitter appears a permanent number two to Facebook. As everyone knows, Facebook has well over two billion active users. On the other hand, Twitter has somewhere around 320 million active users. It's not even close.But that's not where the argument ends, at least for this comparison. In recent years, Facebook has incurred multiple scandals involving privacy violations. As a result, CEO Mark Zuckerberg has attempted to shift his organization into a more privacy-friendly platform.I don't think that's necessarily a bad move for Facebook. But compared to Twitter, this shift doesn't lend itself well to distributing political opinions. In contrast, Twitter has always encouraged openness and engagement within reason. Thus, in the 2020 elections, we should find more robust debate occurring on Twitter than on other social media networks.Coming full circle, I think that's beneficial to Twitter, and not just from the eyeball count. More young people have used social media in politically meaningful ways than any other generation. And it's young people whom advertisers most wish to target.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post The Presidential Election Is a Twitter Stock Tailwind appeared first on InvestorPlace.

  • Universal Parks CEO: Trade war isn't disrupting Beijing project
    American City Business Journals

    Universal Parks CEO: Trade war isn't disrupting Beijing project

    Universal Parks, which is owned by Comcast's NBCUniversal, plans to open the Beijing park in roughly 18 months.

  • This Correlation Between ESG Investing Scores And High Returns May Surprise You
    Investor's Business Daily

    This Correlation Between ESG Investing Scores And High Returns May Surprise You

    ESG investing is no longer just a fad, and high ESG scores correlate to high returns. Comcast stock leads three stocks to watch with notable ESG ratings.

  • American City Business Journals

    Universal Parks CEO shares more on Epic Universe, Nintendo and hotels

    Universal Parks & Resorts is working on its biggest expansion to date off Universal Boulevard in Orlando.

  • Comcast Stock Soars, Reaches a New High
    Market Realist

    Comcast Stock Soars, Reaches a New High

    Comcast stock has risen 1.17% as of 10:31 AM ET today. The stock also hit its 52-week high of $47.23. The stock has generated phenomenal returns YTD.

  • WarnerMedia Enlists Filmmaker J.J. Abrams in Its War on Netflix

    WarnerMedia Enlists Filmmaker J.J. Abrams in Its War on Netflix

    (Bloomberg) -- AT&T Inc.’s WarnerMedia reached a production deal with superstar director J.J. Abrams, locking in one of Hollywood’s hottest filmmakers as it prepares to do battle with streaming services from Netflix Inc. and Walt Disney Co.Abrams, whose film credits include recent versions of “Star Wars” and “Star Trek,” will create original TV shows, movies and games for the studio through 2024, according to a statement Thursday. Financial terms weren’t revealed.The signing highlights the increasingly fierce competition for talent among Hollywood’s biggest media companies, including newer players like Netflix and Inc. Last year, WarnerMedia signed Greg Berlanti, producer of shows like “Riverdale” and “The Flash,” with a contract topping $300 million.The New York Times said in June that Abrams was likely to get a $500 million deal. But the contract was ultimately worth closer to $250 million, the Hollywood Reporter said on Thursday.The WarnerMedia pact builds on a TV relationship with Warner Bros. that began in 2006. But Abrams’s production company, Bad Robot, will honor its existing obligations to Paramount Pictures.Talent BattleOver the past couple years, Netflix has managed to cinch deals with top TV producers including Ryan Murphy and Shonda Rhimes. That’s given leverage to big-name filmmakers and showrunners, especially as studios need more content than ever.Hollywood’s legacy companies are pushing into streaming to survive in an age when traditional pay-TV customers are canceling service for cheaper online alternatives. WarnerMedia, Disney and Comcast Corp.’s NBCUniversal all offer or plan to offer paid streaming services.Abrams has directed some of Hollywood’s highest-profile films, including “Star Wars: The Force Awakens,” which took in $2.07 billion in worldwide ticket sales. His next “Star Wars” movie, “The Rise of Skywalker,” is due in theaters on Dec. 20.To contact the reporter on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.netTo contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.netFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Exclusive: Details revealed for Universal's Epic Universe hotel plans
    American City Business Journals

    Exclusive: Details revealed for Universal's Epic Universe hotel plans

    Epic Universe will feature a theme park, an entertainment center, hotels, shops, restaurants and more.

  • Business Wire

    Comcast to Host Third Quarter 2019 Earnings Conference Call

    Comcast Corporation will host a conference call with the financial community to discuss financial results for the third quarter on Thursday, October 24, 2019 at 8:30 a.m. Eastern Time .

  • 5G Wireless Mid-Band Waves Open Doors For Cable, Internet Firms
    Investor's Business Daily

    5G Wireless Mid-Band Waves Open Doors For Cable, Internet Firms

    If the U.S. wants to be a 5G wireless leader, freeing up more radio spectrum for 5G networks will be key. Problem is, the U.S. lags in opening up mid-band airwaves for 5G wireless services.

  • Amdocs Partners With Samsung, Fortifies Footing in NFV Market

    Amdocs Partners With Samsung, Fortifies Footing in NFV Market

    Amdocs (DOX) and Samsung's collaboration will help speed up the delivery of 5G services to market.

  • Comcast (CMCSA) Stock Sinks As Market Gains: What You Should Know

    Comcast (CMCSA) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, Comcast (CMCSA) closed at $46.40, marking a -0.11% move from the previous day.

  • PR Newswire

    Boston Public Schools Superintendent Praises Comcast Efforts To Help Bridge The Digital Divide

    BOSTON, Sept. 9, 2019 /PRNewswire/ -- Boston Public Schools Superintendent Brenda Cassellius joined Comcast to announce the largest eligibility expansion of Internet Essentials in Massachusetts.  The program, which is the nation's largest, most comprehensive, and most successful low-income broadband adoption initiative, will now have double the number of eligible low-income households and include people with disabilities and seniors. Since August 2011, Internet Essentials has connected more than eight million low-income individuals, from two million households, 90 percent of whom were not connected to the Internet at home at the time they signed up under the program.  This number includes more than 215,000 residents across the Commonwealth of Massachusetts and almost 50,000 low-income people in Boston.

  • Wells Fargo Center makeover offers a lower-priced ticket option
    American City Business Journals

    Wells Fargo Center makeover offers a lower-priced ticket option

    Hockey fans will be able to buy $25 standing-room tickets for the Assembly Room, a club in the NW City Terrace on the top floor of the arena.

  • American City Business Journals

    Universal Orlando cooks up designer foods for 2019 Halloween Horror Nights

    Theme parks know that creative food options can add to the overall immersion of an event or themed area. Universal Orlando Resort's Halloween Horror Nights, which runs Sept. 6-Nov. 2, is doing just that by tapping into one of its highly popular intellectual properties at the event, Netflix's (Nasdaq: NFLX) Stranger Things series. The series has a haunted house this year that takes guests through the primary moments of seasons two and three, but Universal's plan to bring the Starcourt Mall — a major setting during the show — to life at Halloween Horror Nights aims to raise the bar for guests and fans.