Comcast Faces Broadband Headwinds, Analyst Downgrades Stock And Cuts Price Forecast
1. Scotiabank downgraded CMCSA, lowering price target from $48 to $44.50. 2. Comcast plans to enhance broadband penetration with mobile service bundles. 3. CMCSA faced 139K broadband losses, worsening from previous year. 4. The new pricing strategy may dilute ARPU but aims to reduce churn. 5. Analysts expect stock pressure until stabilization in broadband performance.