2024-04-01 13:24:46 ET
Summary
- Comcast Corporation is currently trading at bargain levels despite being a leader in various industries such as wireless phone services, cable TV, and movie studios.
- The stock is trading around the 50-day and 200-day moving averages, indicating stability and potential for a catch-up trade.
- Highlights from Q4 2023 include Universal ranking #1 in worldwide box office, strong performance in theme parks, and the expansion of internet connectivity.
Comcast Corporation ( CMCSA ) is a well-known company and it offers products and services that are used by so many people. It offers wireless phone services, cable TV, and other services. It owns NBC, Peacock, and Universal Pictures as well as the famed Universal Studios theme parks. It is a best in class leader in many areas and yet the stock is currently trading at bargain levels. The company might not be seeing significant growth lately, but at the same time, it doesn't deserve to be trading like a tobacco stock in terms of price to earnings. It also does not deserve to be trading for less than half the valuation of Disney ( DIS ) which might be its closest peer. Comcast has world class movie studios and theme parks and is a leader in just about every division it owns. Let's take a closer look:...
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For further details see:
Comcast: A World-Class Dividend Stock Bargain I Am Buying Now