We know that entertainment giant Comcast (CMCSA) has put a lot into getting more sports streaming on its video networks these days. Live sports are a major draw for cash and viewership numbers. But it turns out that Comcast has another way to make money from sports, setting up a private 5G network for the Cleveland Cavaliers. Oddly, investors seemed less than pleased. Comcast shares dropped modestly in Friday’s trading.
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The Cleveland Cavaliers and Rocket Arena recently got together with Comcast Business to bring in a 5G network specifically for the arena. The end result is a powerful new network that will make courtside decision-making that much easier. Comcast is now the Official Private 5G Partner of the Cleveland Cavaliers.
With this network in place, Cavaliers coaches will get access to instant replay analysis, real-time player tracking, and even communications access during games. The network will use Citizens Broadband Radio Service (CBRS) spectrum, reports note. This will allow it to operate well even in a high-density, high-traffic environment.
Watching Peacock Abroad
Password crackdowns have led to some unintended consequences, like not being able to watch the streaming service you subscribe to from remote locations like hotels or hospitals. Watching Peacock outside of your home country can be difficult. The answer to that question is likely as simple as you might think: use a virtual private network (VPN).
A VPN allows you to route your internet traffic through servers in a completely different location, thus making your own activity much harder to track. There are several breeds of VPN out there to use. Some are, of course, better than others, so it is worth looking around to see which is best for you. There are also ways to get Peacock access for less than normal prices. Walmart (WMT) will offer a $1 trial of Peacock for 30 days with a Walmart+ subscription.
Is Comcast Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on CMCSA stock based on five Buys, 11 Holds and three Sells assigned in the past three months, as indicated by the graphic below. After a 21.57% loss in its share price over the past year, the average CMCSA price target of $32.19 per share implies 12.87% upside potential.
