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Research Alert: CFRA Maintains Hold Opinion On Shares Of Comcast Corporation

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We keep our 12-month target at $33, applying an EV/EBITDA multiple of 6.1x to our 2026 estimate, in line with its three-year historical average multiple. We lower our 2026 EPS estimate by $0.76 to $3.53 and trim 2027's by $0.09 to $3.84. The competitive environment for broadband remains intense, with fixed wireless providers marketing aggressively and rapid fiber overbuilds continuing across Comcast's footprint. Promotional offers from competitors are also elevated, which poses ongoing challenges for subscriber retention and acquisition. Parks outside of Orlando experienced difficulties, particularly at Osaka, where attendance was impacted by China's inbound travel trends and a tougher macroeconomic climate in China. On the positive side, CMCSA highlighted improvements in broadband net losses, which narrowed by more than 100,000 year-over-year. This marked the first such improvement since the fourth quarter of 2020, indicating progress in the connectivity business amid a highly competitive environment.

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