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Seaport has raised Comcast's rating to "Buy."
Gelonghui, December 12 | Seaport Research Partners: Upgraded the rating of media group Comcast from "neutral" to "Buy," with a Target Price of $46.
Comcast expects to lose 0.1 million broadband customers this season, which is worse than expected.
On December 10, Glonghui reported that Dave Watson, head of the cable business at Comcast, the largest cable operator in the USA, revealed that the number of broadband users is expected to decrease by 0.1 million this season, which is worse than the market expectation of a decline of 0.063 million. While attending a UBS Group seminar, Watson stated that the competition in the broadband market is fierce, with a loss of about 0.1 million broadband users each quarter in the first half of the year. In the third quarter, due to the opening of the Paris Summer Olympics, the loss improved to 0.087 million, but in the fourth quarter, it reverted to the situation seen in the first half of the year. He pointed out that the customer churn situation has a slight negative impact on the average revenue per user (ARPU).
Comcast (CMCSA.US) fell by over 9% and is expected to lose more than 0.1 million broadband users in the fourth quarter.
On Monday, Dave Watson, the president of Comcast's (CMCSA.US) cable business, stated that due to ongoing intense market competition, the company expects to lose more than 100,000 broadband users in the fourth quarter. The stock fell over 9% recently. Watson pointed out that the fourth quarter is likely to reflect the situation of the first half of this year when the company lost nearly 100,000 customers each quarter. Even with the ongoing trend of cable television, he added that Comcast's broadband business remains stable in high-end internet package offerings.
Comcast (CMCSA.US) reached a distribution agreement with Warner Bros. Discovery (WBD.US).
Warner Bros. Discovery (WBD.US) and Comcast (CMCSA.US) announced the signing of an agreement that lays the foundation for the launch of the Max streaming service in Europe and resolves the controversy surrounding the upcoming Harry Potter television series. According to the agreement, the television network portfolio of Warner Bros. Discovery, including TNT, CNN, and Food Network, will be made available to subscribers of Comcast's Xfinity service in the USA as well as Sky in the United Kingdom and Ireland.
Caster: Interim report
Stocks with good taste seen from changes in volume etc.
Closing prices by stock and changes in volume *<7746> Okamoto Glass 167,504,451,900 *<9331> Caster 105,415,045,400 *<7782> Sincere 54,551,493,300 *<268A> Rigaku 116,061,283,8300 *<2375> GigWorks 30,877,186,000 *<7163> Sumitomo Mitsui Trust SBI Net silver 34,055,000,635,700 *<9235> Sellable Net Advertising 15,222,212,5500 *<9424> Japan communications 14,377,975.
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