Comcast Corporation (CMCSA) Stock Price & How to Invest

Comcast is a global media and technology company built on three main pillars. Its Connectivity and Platforms business, anchored by Xfinity, is one of the largest US broadband and cable providers, selling high-speed internet, video, mobile (Xfinity Mobile), and home services to tens of millions of households, plus business connectivity. Its Content and Experiences business includes NBCUniversal, which owns the NBC broadcast network, cable networks (USA, Bravo, MSNBC, CNBC), the Peacock streaming service, Universal Pictures film studio, and Universal theme parks worldwide. Comcast also owns Sky, a major European media and broadband operator. The company makes money primarily from recurring broadband and connectivity subscriptions, which are its most profitable and stable revenue, supplemented by advertising, content licensing, box-office and streaming revenue, and theme-park admissions. Comcast is headquartered in Philadelphia and generates substantial free cash flow that funds dividends and buybacks.

The 2026 picture is one of a business repricing its core product. In the second quarter Comcast lost ~167,000 broadband customers, a smaller loss than a year earlier, but average broadband revenue per customer fell ~3.8% as subscribers moved to simplified plans with lower everyday prices instead of the usual rate increases, and about half of new residential phone lines came from customers taking a free line. Adjusted EBITDA fell ~5%, with the first year of NBA rights costs adding pressure. Revenue for the quarter was ~$29.94 billion and adjusted EPS of ~$1.04 beat the ~$0.97 consensus, yet trailing revenue of ~$124.9 billion is flat and analysts expect 2026 EPS of ~$3.47, down ~19%. The stock closed at ~$22.32 on 16 October 2026, down ~19.4% year to date and ~18.6% over twelve months, for a market value near ~$79 billion. Third-quarter results are due on 22 October 2026, with consensus at ~$0.99 a share on ~$29.2 billion of revenue.

Comcast's core video business is in secular decline as cord-cutting erodes traditional cable-TV subscribers, and broadband subscribers keep shrinking under heavy competition from fiber overbuilders (AT and T, others), fixed-wireless from T-Mobile and Verizon, and newer satellite mobile and internet offers. The 2026 pricing reset adds a new risk: lower everyday prices and free mobile lines have pushed broadband ARPU down ~3.8% and trailing operating margin to ~14.7% from ~18.1% a year earlier, the lowest in five years, and the plan depends on free-line users converting to paid. Streaming (Peacock) remains less profitable than the legacy bundle, and sports-rights costs, including the NBA, are high. The cable-network separation carries execution and value-realization risk. High capital intensity, advertising cyclicality, theme-park sensitivity to consumer spending, and ~$90 billion of debt all weigh on the outlook.

22 analysts publish price targets on CMCSA, averaging $28.63 against a $21.90 price as of October 2026, or +30.7%. The published targets run from $17.00 to $44.00, a wide spread, and the ratings split 9 buy, 14 hold, 4 sell. Over the last six months there have been 0 raises and 10 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full CMCSA forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Comcast Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Broadband cash engine. Comcast's residential and business broadband is its profit core: high-margin, recurring internet subscriptions that generate strong, stable cash flow. The most optimistic published target, $44.00, assumes this works close to its best case.

The case against. Comcast's core video business is in secular decline as cord-cutting erodes traditional cable-TV subscribers, and broadband subscribers keep shrinking under heavy competition from fiber overbuilders (AT and T, others), fixed-wireless from T-Mobile and Verizon, and newer satellite mobile and internet offers. The most pessimistic target, $17.00, is roughly what CMCSA is worth if this bites instead.

Read the full bull and bear case on CMCSA, including what would have to change to break either one. Walnut is not an investment adviser.

Yes. Comcast Corporation (CMCSA) has had 2 share splits in the last 10 years:

• 2:1 on February 21, 2017, so every share held became 2 shares.
• 1067:1000 on January 5, 2026, so every share held became 1.067 shares.

A split changes the share count and the price per share and leaves the value of a holding unchanged. Someone holding $1,000 of CMCSA the day before the 1067:1000 split held $1,000 the day after, in more shares at a proportionally lower price. Historical prices from before the date are normally shown split-adjusted, which is why a long-run chart shows no cliff.

Splits matter mainly because they make older price figures confusing to compare by hand, and because a board choosing to split is usually signalling that the price has run up far enough to feel awkward for smaller buyers. Neither is a reason to buy or sell.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Comcast Corporation's investor relations page or your broker.

• Revenue (TTM): ~$124.9 billion; Q2 2026 ~$29.94 billion, -~1.2% y/y
• Operating margin: ~17% latest; ~14.7% trailing per Trefis, down from ~18.1%
• Net income (TTM): ~$11.2 billion (~$3.10 EPS)
• P/E trailing / forward: ~7.2x / ~6.2x
• Dividend yield: ~6.1% on $1.32 annual ($0.33 quarterly)
• Free cash flow (TTM): ~$12.7 billion
• Market cap: ~$79 billion at ~$22.32 (16 Oct 2026)
• Debt: ~$90.4 billion vs ~$7.7 billion cash

At roughly six to seven times earnings and a ~6% yield, Comcast is priced for continued decline in its core broadband business, which shrank its market value to under ~$80 billion in October 2026. The bull case rests on ~$12.7 billion of trailing free cash flow, parks and Peacock growth, and the pricing reset stabilising subscribers; the bear case is that lower ARPU and free lines compress margins faster than retention improves. Third-quarter results on 22 October 2026 (consensus ~$0.99 EPS) are the next read.

If you want CMCSA exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses CMCSA naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to CMCSA: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get CMCSA exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (SPHD, FDL, VOX), which spreads the position across many companies. Or build it into a focused thematic portfolio, so CMCSA sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where CMCSA fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Comcast (CMCSA) pairs a durable but now shrinking broadband-and-wireless cash engine with NBCUniversal, Peacock streaming, and growing Universal parks, while the separation of most cable networks into Versant aims to sharpen focus. In a portfolio it behaves as a very low-multiple, high-yield value and communication-services holding whose free cash flow (~$12.7 billion over the trailing year) funds dividends and buybacks against secular media and broadband disruption.

Whether CMCSA is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is CMCSA a buy or a sell?, and where the stock could go from here in the CMCSA stock forecast.

For income investors, whether CMCSA pays a dividend and how the payout looks is covered in does CMCSA pay a dividend? And to weigh CMCSA against a peer, read the full side-by-side comparisons: CMCSA vs AAPL and CMCSA vs AMZN.