Comcast Shares Plunge 15.8% in a Year: How Should You Play the Stock?

Comcast (CMCSA) shares have plunged 15.8% over the past year, underperforming the Zacks Consumer Discretionary sector’s appreciation of 11.2% and the Zacks Cable Television industry’s decline of 5.1%.CMCSA shares’ underperformance can be attributed to its recently reported decline in broadband subscribers, further negative impact anticipated on the subscriber base due to the end of the Affordable Connectivity Program and long-term competition from fiber and fixed wireless operators like AT&T (T) and Verizon ...