AllAnalyst Report
logoMorningstarOctober 29, 2020

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

Symbols
CMCSA
Sector(s)
Communication Services
Rating
Premium
Current Price
$51.61
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

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.

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