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Comcast Corporation (NASDAQ:CMCSA) ranks among the best telecom stocks to invest in. On December 18, UBS maintained its Neutral rating and $36 price target for Comcast Corporation (NASDAQ:CMCSA), citing mixed financial conditions ahead of fourth-quarter earnings. The firm anticipates Comcast’s Q4 reports to show increasing investments in broadband services, resulting in higher revenue yet greater EBITDA reductions than in previous quarters.
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UBS moderately trimmed its Comcast Corporation (NASDAQ:CMCSA) expectations due to increased broadband customer losses and lower profitability in the studio sector. The firm now expects total company revenue growth of 0.8% with a 9.6% EBITDA decrease in Q4, culminating in stagnant revenue and a 1.6% EBITDA decline for the year.
In 2026, UBS anticipates a 1.9% revenue increase but a worse 4.8% EBITDA decline due to the NBA deal’s full-year impact on content profitability and the slow pace of connection upgrades.
Additionally, Comcast Corporation (NASDAQ:CMCSA) announced on December 15 that it had concluded expanding its network in Litchfield County, making it possible to provide dependable high-speed internet connections. The growth is expected to help 22,000 new houses and businesses in the county, as well as surrounding communities including Morris, Thomaston, Torrington, and Watertown.
Comcast Corporation (NASDAQ:CMCSA) is a media and technology company that operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments.
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Disclosure: None. This article is originally published at Insider Monkey.