** Comcast said broadband losses would continue after it shed more customers than expected in the first quarter, overshadowing the upbeat performance of its streaming unit on Thursday
** Co beat quarterly revenue estimates
SUBSCRIBER TRENDS IN FOCUS
** Wells Fargo ("equal weight," PT: $43) says broadband competition remains fierce and could continue to hurt co's growth; adds Studio's licensing to stay weak in Q2
** Scotiabank ("sector perform," PT: $47.25) believes weakness in broadband subs will continue and potentially accelerate over the next few quarters, compounded by the loss in customers from the Affordable Connectivity Program $(ACP)$, an internet subsidy program
** Morgan Stanley ("overweight," PT: $48) says the broadband industry is showing increasingly clear signs of market maturity, which could buoy subscriber trends ahead
** JP Morgan ("neutral," PT: $45) says rising competition from expanding fiber and fixed wireless availability continues to pressure co's core broadband business
** "End of the ACP program will likely provide a further headwind to trends in the coming quarters" - JP Morgan
(Reporting by Kanchana Chakravarty in Bengaluru)
((Kanchana.Chakravarty@thomsonreuters.com))
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