Scotiabank Lowers Comcast (CMCSA) Target on Softer EBITDA Outlook

Comcast Corporation (NASDAQ:CMCSA) is included among the 15 Cheapest Stocks with Highest Dividends.

Scotiabank Lowers Comcast (CMCSA) Target on Softer EBITDA Outlook

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On April 1, Scotiabank lowered its price recommendation on Comcast Corporation (NASDAQ:CMCSA) to $34 from $35.25. It reiterated a Sector Perform rating on the shares. The firm said the US wireless pricing environment remains “competitive yet rational” and supportive of growth. The analyst added that the revised target reflects slightly lower FY EBITDA projections.

During Comcast’s Q4 2025 earnings call, Michael Cavanagh said 2026 is expected to be the company’s most significant year for broadband investment. He indicated that Comcast plans to shift most of its residential broadband customers to a simpler pricing and packaging structure by the end of the year. He also noted that a meaningful portion of customers currently on a free line are expected to transition to paid plans in the second half of the year.

Jason Armstrong said EBITDA may face some near-term pressure. This is mainly tied to ongoing reinvestment in pricing and efforts to improve the customer experience. He added that once this phase passes, most customers should be on the new broadband pricing structure, with better monetization in the wireless segment.

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company. It provides broadband, wireless, and video services through Xfinity, Comcast Business, and Sky. It also produces, distributes, and streams entertainment, sports, and news across its various brands.

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