Forecast Of The Day: Comcast’s Business Services Revenues

+58.72%
Upside
31.79
Market
50.46
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?

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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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