5 Up And Coming Streaming Companies And Services

In this article, we will be taking a look at 10 up and coming streaming companies and services. To see more of these companies, you can go directly to see the 10 Up And Coming Streaming Companies And Services.

5. Comcast Corporation (NASDAQ:CMCSA) PEACOCK

Number of Hedge Fund Holders: 72

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company based in Philadelphia, Pennsylvania. The company offers the Peacock streaming platform.

On April 21, Atlantic Equities analyst Hamilton Faber upgraded shares of Comcast Corporation (NASDAQ:CMCSA) from Neutral to Overweight.

Peacock, the streaming platform offered by Comcast Corporation (NASDAQ:CMCSA), is among the best streaming services available with a free tier. Alongside the free version, the premium version is also affordable, starting as low as $4.99 per month. The streaming service is a consumer favorite because it offers a range of classic TV shows, big sports events, and live WWE events.

There were 72 hedge funds long Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, with a total stake value of $3.7 billion.

ClearBridge Investments, an investment management firm, mentioned Comcast Corporation (NASDAQ:CMCSA) in its fourth-quarter 2022 investor letter. Here’s what the firm said:

“That balance served the Strategy well throughout the year, enabling outperformance against the benchmark in all four quarters. Results in the last three months were driven by a long-time media position in Comcast Corporation (NASDAQ:CMCSA), which we consider a durable compounder due to its consistent revenue growth and free cash flow generation. Comcast shares saw a snapback after a difficult first half of the year caused by cord cutting in its cable business and slowing subscriber growth in its broadband business. A flexible balance sheet and strong cash generation enabled the company to repurchase shares during the selloff earlier in the year.”