Wall Street Analysts are Downgrading These 5 Stocks

2. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 78

Atlantic Equities downgraded Comcast Corporation (NASDAQ:CMCSA) from “Overweight” to “Neutral” on Monday, August 15, 2022. Atlantic Equities analyst Hamilton Faber was moved by the company’s disappointing broadband results for the second quarter. He also trimmed his price target for Comcast Corporation (NASDAQ:CMCSA) from $60 per share to $44 per share.

Comcast Corporation (NASDAQ:CMCSA) announced its Q2 results last month. While the telecommunications company beat financial expectations for the quarter, it failed to add broadband customers in the period. On the other hand, analysts were looking for net additions of 84,000.