Comcast Stock (NASDAQ:CMCSA) Makes Gains on Internet Expansion, Accolades

It is easy to forget sometimes that communications giant Comcast (CMCSA) is not just streaming services and Universal, but is, at its roots, a company that provides internet and cable service throughout the United States. And its recent moves in expanding its service footprint are likely to give it a leg up in terms of revenue and cash flow. This was received well enough by investors, meanwhile, who sent shares up nearly 2% in the closing minutes of Tuesday’s trading.

The service that Comcast provides its current customers is actually winning accolades, and for a company who was directly responsible for the Ryan Block “Comcastic Day” segment way back in 2014, that is saying something. But in Washington, people are apparently actually having Comcastic days totally unironically, as CNET declared Comcast the best internet service provider in Washington.

Comcast Pacific Northwest Senior Vice President Rodrigo Lopez ran down the citation, ticking off points left and right. First, he noted that Xfinity was considered great for internet speeds and reliability, and was also apparently considered trustworthy as well. Then, he ran down the full list: “We have the best technology, skilled workers, and strong network, so our customers get fast internet and great service at a good price.”

A Push into the Countryside

While rural-dwellers are often an afterthought when it comes to providing internet access—there are often too few of them spread out over too much space to be cost effective—Comcast is making a play for the rural community as well. Kansas recently saw two new communities—Hillsdale and Paola—get access to Xfinity service throughout both city and incorporated area.

The move to connect the two towns started in 2023, reports noted, and finally came to a conclusion just recently, giving the locals access to higher speeds than they were used to seeing. Kansas was not the sole beneficiary here, either, as Comcast is also working to bring service to over 11,000 homes and businesses in six different Missouri communities as well.

Is Comcast Stock a Good Buy Right Now?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on CMCSA stock based on nine Buys, 10 Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 9.92% loss in its share price over the past year, the average CMCSA price target of $40.86 per share implies 16% upside potential.

See more CMCSA analyst ratings

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