5 Best Beaten Down Stocks to Buy Now

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1. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 78

Year-to-Date Price Share Decline as of August 1: 26.1%

Date of Comcast Corporation (NASDAQ:CMCSA) hitting a 52-week low: July 29

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company operating globally. It offers broadband, video, voice, wireless, and other services to its customers worldwide.

Analyst Gregory Williams at Comcast Corporation (NASDAQ:CMCSA) holds an Outperform rating on the company’s shares as of this July. The analyst’s price target on the stock is $51.

Comcast Corporation (NASDAQ:CMCSA) continues to remain an attractive 52-week low stock among hedge funds and individual investors alike, in light of its growth prospects. Morgan Stanley’s Benjamin Swinburne noted this July that he expects EPS growth of 5% to 10% over time, due to Comcast Corporation’s (NASDAQ:CMCSA) beneficial broadband pricing power, share buybacks, and diverse portfolio of assets. Swinburne holds an Overweight rating on the stock due to the above.

In the first quarter of 2022, 78 hedge funds were long Comcast Corporation (NASDAQ:CMCSA), with a total stake value of $7.1 billion.

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