10 Undervalued S&P 500 Stocks to Buy According to Hedge Funds

6. Comcast Corporation (NASDAQ:CMCSA)

Forward P/E Ratio as of June 25: 8.14

Number of Hedge Fund Holders: 81

Comcast Corporation (NASDAQ:CMCSA) is one of the undervalued S&P 500 stocks to buy according to hedge funds. On June 24, Comcast announced the completion of its network expansion into Paola and Hillsdale, Kansas, connecting over 4,000 new homes and businesses to its high-speed, symmetrical internet services. This marks the first time that residents and businesses in these areas have access to Xfinity and Comcast Business services, which include internet, mobile, entertainment, and security.

Comcast has invested more than $38 million in technology and infrastructure in Kansas over the past 3 years. The company celebrated the expansion with a ribbon-cutting ceremony at Paola’s Town Square, which is the same location where the project’s groundbreaking was initially celebrated. During the event, Comcast demonstrated its commitment to the community by donating $2,500 to My Father’s House, which is a local non-profit organization that assists and empowers the underserved rural population.

Comcast now serves 64 million homes and businesses nationwide and offers multi-gigabit internet speeds, 99.9% reliability, and built-in security features. The company is also committed to increasing economic mobility within the community. This includes the Internet Essentials program, which provides eligible households with low-cost and high-speed internet and affordable computers.

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company worldwide.