Comcast Stock Is Just A TV Entertainment "Buy", These Other 2 Are Duds

In the face of soaring prices, entertainment giants have failed to maintain their peak performance in the era of the pandemic. However, demand for television entertainment remains robust. Comcast Quality TV Entertainment Stock (CMCSA) might be worth buying now. However, DISH Network (DISH) and WideOpenWest (WOW) are fundamentally weak to avoid. Keep reading….

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The TV entertainment industry has suffered badly due to record prices as major entertainment giants have failed to keep their subscription rates in the age of the pandemic. However, watching television remains the favorite leisure activity.

According to reports, men spent 3 hours a day watching TV, while women spent 2.70 hours. Demand for daily TV content is robust and should bode well for the TV entertainment industry.

Furthermore, investor interest in entertainment stocks is evident from the 4.8% gains in ETF Invesco Dynamic Leisure and Entertainment (PEJ) over the past month. Further, the global entertainment and media market size is expected to grow at a CAGR of 5.9% from 2022 to 2028.

Given the context, the top-rated TV entertainment stock Comcast Corporation (CMCSA) could be a solid addition to your portfolio. However, DISH Network Corporation (DISH) and WideOpenWest, Inc. (WOW) are fundamentally weak now.

Stock to buy:

Comcast Corporation (CMCSA)

CMCSA, the largest US cable company to small and medium businesses, operates worldwide as a media and technology company. It operates through Cable Communications; Media; studios; Amusement park; and segments of the sky.

On August 22, 2022, CMCSA launched an additional Multi-Gig Internet Speed ​​Tier for Xfinity and CMCSA Business customers in Colorado Springs. This launch offsets the fastest download speed to date and is a landmark addition to CMCSA's portfolio.

In addition, on August 1, 2022, CMCSA announced its strategic partnership with Fortinet (FTNT), a global leader in comprehensive, integrated and automated cybersecurity solutions, to offer enterprises a new set of secure access services ( SASE). and security solutions at the service edge (SSE). This collaboration should boost the business prospects of both companies.

CMCSA revenue was $30.02 billion for the second quarter ended June 30, 2022, up 5.1% year-over-year. Its adjusted EBITDA increased 10.1% year-on-year to $9.83 billion. Additionally, the company's adjusted net income was $4.51 billion, up 14.3% year-over-year.

Analysts expect CMCSA's revenue to grow 4.6% year-over-year to $121.72 billion for the current year. Its EPS is expected to rise 11.1% year-over-year to $3.59 in 2022. It has exceeded EPS estimates for the past four quarters. Shares of CMCSA lost slightly during the day to close the last trading session at $37.24.

CMCSA's POWR ratings reflect this promising outlook. The company has an overall rating of B, which translates to a buy in our proprietary rating system. POWR ratings rate stocks on 118 different factors, each with its own weighting.

CMCSA has a B rating in stability and quality. Within the entertainment industry - television and Internet service providers, it is ranked No. 1 among nine stocks. Click here to view additional POWR Ratings for Sentiment, Value, Growth and Momentum for CMCSA.

Stocks to avoid:

DISH Network Corporation (DISH)

DISH and its affiliates provide pay television services in the United States. The company operates...