Comcast Corp., US20030N1019

Scotiabank cuts target for Comcast stock to USD 27.50

Published on 10/12/2026 at 12:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank cut its target from USD 29.00 to USD 27.50 on October 2, 2026. Comcast stock costs EUR 18.51 on October 12, 2026.

Key points in brief

Scotiabank cut Comcast's price target from USD 29.00 to USD 27.50 on October 2, 2026, while retaining a Sector Perform rating.
Comcast reported USD 29.94 billion in second-quarter 2026 revenue and adjusted earnings per share of USD 1.04.
Peacock reached first-quarter profitability with USD 189.0 million of EBITDA, and Comcast ended the quarter with 10.2 million wireless lines.
Comcast stock was at EUR 18.51 at Lang & Schwarz on October 12, 2026, at 12:02 p.m. CEST.
Third-quarter 2026 results are scheduled for October 22, 2026.

Flatlay mit Aktienzertifikat ISIN US20030N1019, Glasfaserkabel, Fernbedienung und Smartphone — Comcast Corp. Aktien Flatlay mit ISIN US20030N1019 Zertifikat, Glasfaserkabel und Telecom Utensilien auf Schiefer, Illustration mit AI erstellt.

Scotiabank cut its Comcast price target from USD 29.00 to USD 27.50 on October 2, 2026, while keeping its Sector Perform rating, according to Markets Insider. The cut puts the latest analyst action alongside Comcast stock at EUR 18.51 at Lang & Schwarz on October 12, 2026 at 12:02 p.m. CEST.

Three dated signals shape the stock

On July 23, 2026, Comcast reported second-quarter revenue of USD 29.94 billion and adjusted earnings per share of USD 1.04, according to Yahoo Finance. Revenue increased 5 percent, while adjusted EBITDA declined 5 percent on the pro forma comparison.

On October 1, 2026, Comcast and the Philadelphia 76ers opened a North Philadelphia community resource center with more than USD 150,000 in upgrades and USD 20,000 in additional program support, as ACCESS Newswire reported.

On October 2, 2026, Scotiabank lowered its target by USD 1.50, a 5.17 percent reduction from USD 29.00, while retaining Sector Perform, according to Markets Insider.

What does wireless growth mean?

The second-quarter figures show why wireless is central to Comcast's operating story. The company added a record 448,000 net lines and reached 10.2 million total lines, while Peacock reached profitability with USD 189.0 million of EBITDA, according to Yahoo Finance.

The trade-off was visible in connectivity profitability. Broadband average revenue per user declined 3.8 percent, and Connectivity and Platforms EBITDA fell 5.8 percent in the second quarter, making conversion of free wireless lines into paid relationships the key operating test.

Next results date is October 22

Comcast is scheduled to report third-quarter 2026 results on October 22, 2026, with the conference call set for 8:30 a.m. Eastern Time, according to MarketScreener. That report will show whether second-quarter wireless additions and Peacock profitability offset pressure in broadband and theme parks.

Stock price and investor context

Comcast stock was trading at EUR 18.51 at Lang & Schwarz on October 12, 2026 at 12:02 p.m. CEST. The primary listing is Nasdaq in USD, where the finance quote showed USD 20.66 on October 9, 2026, with a market capitalization of USD 73.3 billion and a 52-week range of USD 20.48 to USD 32.86.

The further course of trading is shown by the continuously updated real-time quote of Comcast stock.