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Comcast's Q1 to Reflect Broadband Subscriber Losses, UBS Says
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Comcast's Q1 to Reflect Broadband Subscriber Losses, UBS Says
Mar 21, 2024 12:44 PM

03:27 PM EDT, 03/21/2024 (MT Newswires) -- Comcast's ( CMCSA ) Q1 results are likely to reflect slightly higher broadband subscriber losses and low single digit EBITDA growth in its Connectivity business segment, UBS said Thursday in a report.

EBITDA may drop at the company's Content division due to declines in studio and TV media segments, UBS said.

As a result, Q1 revenue may be flat from a year earlier, compared with a prior forecast of 1.5% growth, UBS said. The firm also revised its full-year revenue forecast to reflect growth of 3.1%, compared with 3.5% previously.

The firm maintained its neutral rating on the company's stock with a price target of $47. Results for Q1 are scheduled to be released April 25.

Comcast ( CMCSA ) shares fell 0.6% in recent trading Thursday.

Price: 42.86, Change: -0.24, Percent Change: -0.56

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