What changed
$CMCSA — BUY 📊
Comcast Corporation operates as a media and technology company worldwide.
🎯 Q1 FY26 | Rev $31B | EPS $0.79 vs $0.73 🟢 | Margin 13.1%
💡 Consensus expects continued broadband subscriber losses and EBITDA compression, reflected in a forward EV/EBITDA of ~6x. Our variant view is that broadband losses are bottoming, and wireless growth plus cost discipline will support flat to slightly higher EBITDA in 2026, warranting a re-rating to 7-8x, in line with historical cable multiples.
📉 Reward/Risk: 2.7:1
🏢 Business Quality: 7/10 - Strong scale and pricing power in broadband, but facing secular video decline and growing fixed-wireless competition; solid free cash flow generation and shareholder returns.
Also in play: $T $VZ $CHTR $DIS $NFLX $CMCSA