Entertainment giant Comcast (CMCSA) is likely familiar with the notion of the “digital divide.” For years, it was a way to express the notion that some people had access to the internet, and some did not. Eventually, it became a way to point out that some had high-quality access, while others had a minimal operation provided by telephone lines. Now, it has been further qualified to certain points around access, and Comcast recently offered a grant to help narrow the gap further. Comcast shares gained fractionally in Wednesday afternoon’s trading.
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Comcast offered up $15,000 to the Greater Holyoke YMCA, which took the cash to open up a STEAM tech center. The center will not only offer up access to certain devices, but also the means to improve digital literacy, online safety, digital arts and even offer training in coding. More specifically, the program will offer access to ST Math, the Cricut (CRCT) design system, and even gaming with a focus on teamwork and responsible behavior.
Comcast New England Region senior vice president Carolyne Hannan noted, “We recognize the critical role that the Internet plays in achieving economic mobility and personal growth, which is why we’re investing in partnerships that empower residents to shape their own futures.”
Comcast Brings in New HR Officer
Comcast also recently brought in a new chief human resources officer, which is actually a new position within the company itself. Comcast promoted Vicki Williams to the new slot, which she will serve alongside her current role as head of human resources at NBCUniversal.
This gives Williams control over human resources strategy over the entire media and cable operation, not just over NBCUniversal’s portion of it. Williams served as head of HR for eight years, and has been with Comcast since 2011. Comcast co-CEO Mike Cavanagh noted, “Her strategic mindset, thoughtful leadership style, strong judgment, and people-first approach make her an excellent fit for this new role. I’m excited about the positive impact she will continue to have across the company.”
Is Comcast Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on CMCSA stock based on four Buys, 11 Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 21.01% loss in its share price over the past year, the average CMCSA price target of $31.93 per share implies 14.69% upside potential.
