KeyBanc cuts rating on Comcast over bleak picture for broadband growth (CMCSA:NASDAQ)
Core Viewpoint - KeyBanc Capital Markets has downgraded Comcast's investment rating from "overweight" to "sector weight" due to a lack of catalysts following the company's third-quarter results [3]. Group 1 - The downgrade reflects concerns over the absence of significant growth drivers for Comcast [3]. - Despite the downgrade, broadband and mobile net additions were reported to be better than expected [3].