Comcast (CMCSA) Stock Holds Neutral Rating Amid Broadband Losses

Core Viewpoint - Comcast Corporation (NASDAQ:CMCSA) is viewed as a strong telecom investment, but UBS has maintained a Neutral rating and a $36 price target due to mixed financial conditions ahead of Q4 earnings [1]. Financial Performance Expectations - UBS has slightly reduced its revenue expectations for Comcast, forecasting a 0.8% growth in total company revenue for Q4, alongside a 9.6% decrease in EBITDA, leading to stagnant revenue and a 1.6% EBITDA decline for the entire year [2]. - For 2026, UBS anticipates a 1.9% revenue increase but a more significant 4.8% EBITDA decline, primarily due to the full-year impact of the NBA deal on content profitability and slow connection upgrades [3]. Network Expansion - Comcast announced the completion of its network expansion in Litchfield County, which will enable reliable high-speed internet access for 22,000 new homes and businesses in the area, including nearby communities such as Morris, Thomaston, Torrington, and Watertown [4]. Company Overview - Comcast operates as a media and technology company through various segments, including Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks [5].