![]() ![]() It offered a similarly downbeat outlook for the third quarter while noting that it expects business to pick up strongly in Q4. The company announced a surprise loss in the face of weak demand and lower profit margins. The firm plays a large role in the roll-out of new and improved infrastructure, such as 5G networks.ĮRIC stock plunged recently following its weak second-quarter earnings results. Morningstar’s Michael Hodel believes CMCSA shares are worth $60, which puts them at a 30% discount to fair value today.Įricsson (NASDAQ: ERIC ) is a leading provider of telecom equipment used to build and operate mobile networks. All told, however, this all appears to be baked into the stock price. Theme parks could also face a slowdown when consumer spending slows. There is more uncertainty around the media business with the difficult economics that the streaming industry has seen to date. ![]() A high-quality internet is a key consumer staple good, and Comcast is locking in attractive long-term cash flows with these market share gains. ![]() According to Morningstar estimates, Comcast has grown its market share from 50% to 67% for broadband in the markets where it serves. However, Comcast has generally done a better job of avoiding social controversies and boycotts, which have helped lead to dramatic underperformance in Disney stock in recent years.Ĭomcast’s greatest strength has been in its internet business. In some ways, Comcast shares many similarities with The Walt Disney Company (NYSE: DIS ). It also has a large television operation, and it runs theme parks. The core business is in its cable assets. Merport / Ĭomcast (NASDAQ: CMCSA ) is a large diversified telecom and media company. ![]()
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