Comcast Corporation Class A (CMCSA)

Comcast Corporation Class A (CMCSA)

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Comcast Corporation Class A Profile

Comcast Corporation Class A is an American multinational telecommunication, mass media, and entertainment conglomerate headquartered in Pennsylvania, the United States. COMCAST operates in the media and technology industry across three primary business divisions Comcast Cable, NBCUniversal, and Sky. Comcast Corporation is the parent company of numerous cable companies, including Xfinity, Telemundo, MSNBC, CNBC, USA Network, Syfy, Oxygen, Bravo, Qubo, and E!, among others. Comcast Corporation (CMCSA.xnas) is listed as Class A stock on the NASDAQ, as a NASDAQ-100 Index component, Standard & Poor’s 100 (S&P-100), and Standard & Poor’s 500 (S&P-500) constituent. Comcast Corporation had 19.35 million subscribers, 168,000 employees, and an 11.57% cut-off in 2020 compared to its workforce of 190,000 people in 2019. COMCAST owns a net worth of $275.25B (USD) and a $264.41B (USD) market cap as of September 14th, 2021. However, the American cable giant has a long history of charging customers for unordered services and equipment, violating fundamental marketing principles by misleading and deceiving advertisements, providing poor services, and having turbulent relations with its employees. Comcast Corporation’s CFO signaled a slowdown in the broadband subscribers growing numbers on 14th September 2021, affecting the corporation’s share price (CMCSA.xnas) in the stock markets. However, an improvement in NBCU services and the expansion in 22 European countries with SkyShowtime by the end of 2021 are expected to enhance COMCAST’s performance.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

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