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Citi, RBC Capital See Improving Broadband Trends at Comcast (CMCSA)
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. With an annual dividend yield of 4.79%, Comcast Corporation (NASDAQ:CMCSA) is included among the 10 Best High-Yield Dividend Growth Stocks to Buy Right Now. Copyright: jetcityimage / 123RF Stock Photo On April 24, Citi raised the firm’s price recommendation on Comcast Corporation (NASDAQ:CMCSA) to $35.50 from $33. It reiterated a Buy rating on the shares. The firm said the company’s Q1 report marked a “step forward” in improving its financial performance in the residential segment. The analyst added that the shares could see multiple expansion as broadband losses begin to stabilize and as the market assigns better value to the company’s content and experiences unit. On April 24, RBC Capital analyst Jonathan Atkin raised the firm’s price target on CMCSA to $32 from $31 and kept a Sector Perform rating following the Q1 results. The firm said Comcast is executing on its plan to improve broadband subscriber performance, even if it comes at the cost of average revenue per user. It noted a solid year-over-year improvement in broadband net additions and expects a 40K–50K y/y increase in the coming quarters, according to the analyst. Comcast Corporation (NASDAQ:CMCSA) operates as a global media and technology company. It provides broadband, wireless, and video services through Xfinity, Comcast Business, and Sky, and produces and distributes entertainment, sports, and news content across its platforms. While we acknowledge the potential of CMCSA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Quality Dividend Stocks to Buy According to Reddit and 10 Large-Cap Stocks That Are On Fire Right Now Disclosure: None. Follow Insider Monkey on Google News.
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