BUZZ-Street View: Comcast faces broadband decline as 5G competition intensifies

Reuters
01-31
BUZZ-Street View: Comcast faces broadband decline as 5G competition intensifies

** Comcast CMCSA.O reported a steep decline in broadband subscribers for Q4 on Thursday, hurt by competition from telecom firms that have been bundling 5G mobile services with internet plans

** The median PT of 31 brokerages covering the stock is $45 - LSEG data

SIGNAL INTERFERENCE

** J.P. Morgan ("neutral", PT: $39) does not expect co's new strategy to change the wireless market much; competitive dynamics are likely to remain the same

** "Cable operators need to offer more aggressive broadband discounts to improve bundle uptake and counter competition," says JPM

** Goldman Sachs ("buy", PT: $44) expects co to face short-term margin pressures due to higher wireless costs and modest EBITDA growth

** Oppenheimer ("outperform", PT: $55) sees continued subscriber losses but anticipates strong growth in theme parks and studios, with a new aggressive pricing strategy in Q2 potentially impacting average revenue per user (ARPU) growth

** Evercore ISI ("outperform", PT: $44) expects year-over-year growth and sees long-term potential due to rising demand for better internet bundled services, but it remains challenging to foresee a clear positive turnaround for cable operators

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))

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