UBS analyst John Hodulik maintained a Hold rating on Comcast today and set a price target of $36.00.
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John Hodulik’s rating is based on several factors affecting Comcast’s financial outlook. The company is expected to experience a decline in both revenue and EBITDA in the upcoming quarters, primarily due to investments in connectivity and changes in their go-to-market strategies, such as new broadband pricing and increased marketing efforts. Despite these challenges, there is some optimism in the content segment, with anticipated growth in parks and slightly improved advertising trends.
While the broadband subscriber base is expected to decrease, the mobile segment shows promise with projected increases in wireless additions, supported by promotional offers. However, the overall financial performance remains under pressure, with expected declines in connectivity revenues and EBITDA. Given these mixed signals, John Hodulik has opted for a Hold rating, suggesting that investors should maintain their current positions without making significant changes until clearer trends emerge.
In another report released on September 10, Bernstein also maintained a Hold rating on the stock with a $36.00 price target.