Comcast's stock continues to meander - Joseph Lazzaro

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Comcast's stock continues to meander
Nov 06, 2009 07:00 PM UTC

Joseph Lazzaro

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Via BloggingStocks:

Filed under: Comcast Cl'A' (CMCSA), Stocks to Buy

It's a difficult call, but I'm Reiterating my Buy rating for Comcast Corp. (NASDAQ: CMCSA), first recommended on April 22, 2009 at a price of $14.05,

Comcast posted a decent rebound in subscriber growth in Q3, but concerns about intensifying competition in cable television, broadband, and advanced video services persist. In particular broadband competition from telephone/telecom companies, who are offering cheaper DSL services represent the biggest threat. Moreover, as these telecom companies build-out fiber-based video and broadband services, they'll begin to chip away at Comcast's (and other cable companies') conventional cable television services.

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Comcast's stock continues to meander originally appeared on BloggingStocks on Fri, 06 Nov 2009 14:00:00 EST. Please see our terms for use of feeds.

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