The one thing that has not hit entertainment giant Comcast (CMCSA) as yet is a large-scale boycott connected to the Immigration and Customs Enforcement (ICE) agency. That square, however, may now be checked off your 2026 bingo card, because it has officially landed. Investor and entrepreneur Scott Galloway is putting together a boycott of Comcast due to ICE-related reasons. Comcast shares took a bit of a hit as a result, down fractionally in Thursday morning’s trading.
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Comcast is, reports note, one of several communications firms supplying services to ICE, and that is enough for Galloway to call for a large-scale boycott. The effort is part of a larger program called Resist and Unsubscribe, and deals mainly with companies who are “…identified as active enablers of ICE.”
Comcast’s part in this, meanwhile, involves “…an ICE award to provide the agency with broadcast cable at five ‘regional war rooms.’” However, reports note that that contract expired back in September. This does not seem to matter to Galloway, who called for a “…targeted, month-long national economic strike—a coordinated campaign that attacks tech companies and firms enabling ICE—to inflict maximum damage with minimal impact on consumers.”
A Manual for Events
Comcast also understands that live events work better with some internet connectivity, especially when it is provided by Comcast. Thus, it released a bit of a guidebook for those planning a live event, and how to get the most out of it with a solid internet infrastructure.
Comcast Business’ senior vice president of connectivity and digital customer solutions, Christian Nascimento, offered up a few suggestions. Given that his department offers Wi-Fi and broadband service at Levi’s Stadium, Nascimento would know. Nascimento noted, “You have to have capacity, reliability and resilience. The number of people in areas interacting with the internet can double, triple or quadruple overnight.”
Is Comcast Stock a Good Buy Right Now?
Turning to Wall Street, analysts have a Hold consensus rating on CMCSA stock based on six Buys, 10 Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 11.52% loss in its share price over the past year, the average CMCSA price target of $34.08 per share implies 11.48% upside potential.
