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-0.00200554474134374 -0.00221199787648204 -0.0040405827877072 -0.00350970329735149 -0.00315578363711435 -0.0101456969267976 -0.00454196897304318 -0.00645903379932755
Stock impact report

Wells Fargo downgrades Comcast on rising costs from its mobile pivot [Yahoo! Finance]

Charter Communications, Inc. - Class A (CHTR) 
Last charter communications, inc. - class a earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.charter.com
Company Research Source: Yahoo! Finance
mobile and broadband convergence will pressure earnings in the near term and strip the stock of its defensive appeal. Comcast is in the early stages of a strategic pivot, aiming to bundle mobile offerings with higher-tier broadband plans in an effort to combat intensifying competition from fiber and fixed wireless providers. While the move may help boost customer growth over time, Wells Fargo said the financial impact will likely be negative in the short run. “We downgrade to Underweight as CMCSA is no longer defensive,” analysts wrote, cutting their price target to $31 from $37. Brokerage also lowered 2025 and 2026 EBITDA estimates by 5% each. The firm pointed to parallels with Charter Communications (NASDAQ:CHTR), which saw slowing earnings growth and lower broadband ARPU during its own mobile push. Like Charter, Comcast may need to offer free or discounted mobile lines, handset upgrades, and family plan buyouts to stimulate customer growth. Wells Fargo expects broadband Show less Read more
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