The Latest Breaking News from Comcast

The White House announced Monday that 20 leading internet service providers have agreed to offer affordable plans that will be free for millions of Americans. 

This is one of the most prized collections of intellectual property in the world.

PHILADELPHIA — A shareholder advocacy group is pushing Comcast and Amazon to examine why they don’t offer more ”sustainable” funds to employees through their 401(k) retirement plans, arguing that the lack of such options is out of sync with the stated climate goals at each company.

Comcast (CMCSA) shares are trading significantly below their 52-week high, despite reporting better-than-expected earnings and revenues. So, will it be wise to buy the dip in CMCSA or steer clear? Read on to learn our view.

Upgrades

Within the last quarter, Comcast (NASDAQ:CMCSA) has observed the following analyst ratings:

Charter Communications, Inc (NASDAQ:CHTR) reported first-quarter FY22 revenue growth of 5.4% year-on-year to $13.20 billion, marginally missing the consensus of $13.21 billion. Revenue growth of 3.7% in Residential, 40.2% in Mobile, and 4.3% in Commercial drove the top-line performance. Charter added 164,000 residential Internet customers, compared to 334,000 last year. Residential video customers…

Shares of Comcast fell as much as 8% in morning trading, before closing down just over 6% at $41.70, after the Philadelphia-based media giant reported a slowdown in new subscribers, as it spends more to lure them.

A whale with a lot of money to spend has taken a noticeably bearish stance on Comcast. Looking at options history for Comcast (NASDAQ:CMCSA) we detected 13 strange trades.