2024-05-29 12:57:07 ET
Summary
- Comcast Corporation has a current dividend yield of 3.2% and is well covered considering the payout ratio sits at 28%.
- The business has seen decreases in customer count across many segments. However, the wireless lines and streaming segments have offset these losses.
- Liquidity remains strong, with free cash flow and cash from operations both increasing.
- Interest rates have likely affected the growth prospects and once rates are cut, growth initiatives may become more relevant and affordable.
Overview
Growing up, I mostly associated Comcast Corporation ( CMCSA ) with the cable they provided. However, that part of the business has been effectively dead for a long period of time and the bulk of their business comes from telecommunications in the form of Xfinity as well as media and entertainment through various channels, with the most notable being the Peacock streaming service. Comcast has caught my attention recently as I noticed that the price has been heavily suppressed for a few years now and has struggled to gain any upside momentum. The price is now down over 32% over the last three-year period....
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Comcast: Growing Mobile And Streaming Segments Show Some Potential