Comcast Corporation (CMCSA)

Hold Recap: Q2 2026

The Separation Management Ruled Out, a Buyback Paused, and a Downgrade Back to Hold

Outperform Recap: Q1 2026

Broadband Inflects for the First Time Since 2020, Peak Dilution Passes, and We Upgrade

Hold Recap: Q4 2025

A 10% EBITDA Decline, a Frozen Dividend, and the First Dated Hint of a Trough

Hold Recap: Q3 2025

Management Bought Subscriber Stability With Margin, and Would Not Say for How Long