From Nasdaq:

Comcast stock (NASDAQ: CMCSA) is trading at $44 per share, a 29% decrease from its September 2022 peak. This cound be due to slowed broadband growth and cable TV subscriber loss. Comcast declined 18,000 domestic broadband customers in Q3 2023 and another drop is anticipated for Q4. However, stock rose 50% from $29, benefiting from wireless phone and theme park business.

CMCSA stock traded around $50 in early January 2021 but sits around $45 now, underperforming the S&P 500, and returning -4% in 2021, -31% in 2022, and 26% in 2023. Similarly to other heavyweights, CMCSA may struggle to beat the S&P 500 consistently due to high oil prices and elevated interest rates.

CMCSA stock will need to increase 40% to reach pre-inflation shock level, which may take a while. Rebounding from 2022 market conditions, analysis postulates its valuation may be $48 per share, positioning it to outperform.

In the 2007/2008 economic crisis, the S&P’s pre-crisis peak was approximately 10/1/2007, followed by an accelerated decline around 10/1/2008, then bottoming out near 3/1/2009. CMCSA stock mirrored the decline, falling 50% pre-crisis and recovering 29% post-crisis.

Comcast’s revenue rose from $109 billion in 2019 to $121.4 billion in 2022. The stock maintains stability in the 2023 inflation shock.

Comcast’s debt declined from $102 billion in 2019 to $95.5 billion in 2022, while its total cash stayed around $5.5 billion. With growing earnings and financial leverage, CMCSA stock has potential for gains with interest rate cuts.

Comcast stock (CMCSA) currently has 26% returns in 2023, outperforming the S&P 500. With the Fed considering interest rate cuts, CMCSA’s strong fundamentals point to gains in the future.



Read more: Can Comcast Stock Recover 40% To Pre-Inflation Shock Highs?