Forecast Of The Day: Comcast’s Business Services Revenues
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?
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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
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