Worsening broadband outlook prompts Oppenheimer to downgrade Comcast and Charter By Investing.com
Update: 2025-11-04
Description
Oppenheimer downgrades Comcast and Charter, citing challenges in broadband space. Both companies face potential subscriber loss due to competition from fixed wireless, fiber services, and satellite internet. Comcast grapples with lower earnings growth, a complex spinout, and an expensive NBA contract. Charter's earnings fell short, and it's dealing with high debt and a planned merger. Analysts predict tough times ahead for cable and broadband companies as new technologies and rivals emerge.
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