BUZZ-Street View: Comcast faces broadband decline as 5G competition intensifies

Comcast CMCSA.O reported a steep decline in broadband subscribers for Q4 on Thursday, hurt by competition from telecom firms that have been bundling 5G mobile services with internet plans

The median PT of 31 brokerages covering the stock is $45 - LSEG data

SIGNAL INTERFERENCE

J.P. Morgan ("neutral", PT: $39) does not expect co's new strategy to change the wireless market much; competitive dynamics are likely to remain the same

"Cable operators need to offer more aggressive broadband discounts to improve bundle uptake and counter competition," says JPM

Goldman Sachs ("buy", PT: $44) expects co to face short-term margin pressures due to higher wireless costs and modest EBITDA growth

Oppenheimer ("outperform", PT: $55) sees continued subscriber losses but anticipates strong growth in theme parks and studios, with a new aggressive pricing strategy in Q2 potentially impacting average revenue per user (ARPU) growth

Evercore ISI ("outperform", PT: $44) expects year-over-year growth and sees long-term potential due to rising demand for better internet bundled services, but it remains challenging to foresee a clear positive turnaround for cable operators