Comcast stock falls 1.86 percent after broadband target cuts
Published on 09/25/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Comcast stock was trading at USD 22.13 on Nasdaq on September 24, 2026, down 1.86 percent from the previous close of USD 22.55. The price stood 32.65 percent below the 52-week high of USD 32.86, keeping broadband execution at the center of the valuation debate.
Broadband pressure cuts targets
As Investing.com reported on September 15, UBS lowered its Comcast price target from USD 32 to USD 27 and maintained a Neutral rating. The bank cited higher expected broadband subscriber losses, softer theme-park performance and lower near-term revenue and EBITDA assumptions.
The revised target is 22.15 percent above the September 24 price. That gap suggests the market is assigning more weight to subscriber trends than to Comcast's recent earnings beat.
Quarterly beat meets lower sales
In the second quarter of 2026, Comcast posted adjusted EPS of USD 1.04 against consensus of USD 0.97, a USD 0.07 beat, while revenue reached USD 29.94 billion versus USD 29.24 billion expected, according to MarketBeat. The same quarter's revenue was 1.2 percent below the year-earlier figure, showing why the earnings beat has not removed the pressure on the shares.
Comcast's standardized second-quarter operating profit was USD 5.16 billion on revenue of USD 29.94 billion, producing a 17.24 percent operating margin. Operating profit therefore covered 17.24 percent of quarterly sales, a useful counterweight to the weaker top-line trend.
Nasdaq price stays near yearly low
At USD 22.13 on September 24, Comcast was USD 0.85, or 4.00 percent, above its 52-week low of USD 21.28. Market capitalization stood at USD 78.53 billion and trading volume reached 32,963,328 shares against an average volume of 32,118,622.
Comcast market data
- Company: Comcast Corporation
- Ticker: CMCSA
- Trading venue: Nasdaq
- Price as of September 24, 2026, 4:00 p.m. ET: USD 22.13
- Market capitalization: USD 78.53 billion as of September 24, 2026
- 52-week range: USD 21.28-32.86 as of September 24, 2026
- Sector / Industry: Communication Services / Telecommunications Services
