#2 - Comcast (NASDAQ:CMCSA)
Social distancing still requires being connected, and that’s good news for Comcast (NASDAQ:CMCSA). College students are now attending the University of Home, remote workspaces are now the norm. And with nowhere to go, the demand for online streaming services will be greater than ever.
Comcast can deliver for customers in a couple of key ways. First, their Xfinity subsidiary is a monopoly in certain areas. For example, in my neighborhood, Comcast Xfinity is the only provider of high-speed internet. It’s an overlooked point that in many areas, Comcast is the only game in town. And in times like these, that’s an important advantage.
Another advantage that Comcast is developing is the company’s emerging Peacock streaming service. According to Graybo, the digital video editing and production platform, while many consumers continue to cut the cord, an increasing number are finding value in their current cable provider. Peacock is promising a service that has a cable feel on a streaming platform. And it gives Comcast an important first-mover advantage.
The company is also doing its part to help in the Covid-19 crisis by offering two free months of internet service for low-income veterans. After the two-month trial, veterans can continue the service for as low as $9.99 per month.
About Comcast
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
Read More - Current Price
- $38.22
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $47.06 (23.1% Upside)
