Forecast Of The Day: Comcast’s Business Services Revenues

December 3rd, 2021 by Trefis Team
+24.74%
Upside
35.92
Market
44.81
Trefis
CMCSA: Comcast logo
CMCSA
Comcast

What?

Comcast’s (NASDAQ:CMCSA) Business Services Revenues have risen from around $7.8 billion in 2019 to about $8.2 billion in 2020. Trefis expects the number to rise further to around $9.4 billion in 2021 and $10.4 billion in 2022.

Why?

Relevant Articles
  1. Up 10% Over The Last Month, What’s Next For Comcast Stock?
  2. Is Comcast Stock A Buy At $32?
  3. How A Weak Broadband Business Will Impact Comcast’s Q3 Results
  4. Why Comcast Stock Looks Set To Rebound
  5. With Broadband Growth Elusive, What’s Next For Comcast Stock?
  6. What’s Happening With Comcast Stock?

Comcast is one of the biggest broadband Internet and voice players in the industry, making its services a top choice for businesses.

So What?

We think that Comcast is undervalued. We value CMCSA stock at about $65 per share, about 25% ahead of the current market price.

See Our Complete Analysis For Comcast

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates