Comcast Corp., US20030N1019

Scotiabank lowers target for Comcast stock to USD 27.50

Published on 10/07/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Comcast stock costs EUR 19.12 on October 7, 2026 versus EUR 19.11. Second-quarter revenue was USD 29.94 billion, down 1.20 percent year over year.

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Comcast Corporation (ISIN US20030N1019) was trading at EUR 19.12 at Lang & Schwarz on October 7, 2026 at 3:06 p.m. CEST. On October 2, 2026, Scotiabank lowered its Comcast target from USD 29.00 to USD 27.50 and kept a Sector Perform rating, according to Markets Insider.

Target cut meets weak revenue trend

Comcast reported USD 29.94 billion in revenue for the second quarter of 2026, down 1.20 percent from the same quarter a year earlier. The company also reported earnings per share of USD 1.04, above the USD 0.97 consensus estimate, according to MarketBeat.

The combination is important for the valuation debate: earnings exceeded expectations, while revenue contracted year over year. Scotiabank's lower target therefore adds a cautious counterweight to the earnings-per-share comparison.

Wireless growth offsets connectivity pressure

Comcast's operating mix offers a more uneven picture. Nasdaq reported that domestic wireless service revenue rose 14.20 percent year over year in the second quarter of 2026, while Xfinity Mobile added 448,000 net lines during the quarter.

The same Nasdaq profile said Comcast had 28.49 million residential internet customers and 10.19 million wireless lines in the second quarter of 2026. Comcast is also a Nasdaq-100 constituent, linking the stock to index flows as well as company-specific results.

Dividend date and results date

October 7, 2026 is the ex-dividend date for a cash distribution of USD 0.33 per share, with payment scheduled for October 28, 2026, according to Finam.

Comcast will publish third-quarter 2026 results on October 22, 2026, before hosting an earnings call at 8:30 a.m. ET, according to MarketScreener. That report will give investors a fresh test of whether wireless expansion can offset pressure in the core broadband business.

Comcast stock holds near Xetra close

Comcast stock was trading at EUR 19.12 at Lang & Schwarz on October 7, 2026 at 3:06 p.m. CEST. Against the Xetra close of EUR 19.11 on October 6, 2026, the price was up plus 0.05 percent.

The further course of trading is shown by the continuously updated real-time quote of Comcast stock.