Comcast Stock Drops 13% After Analyst Downgrade Following Strong Earnings
Comcast (CMCSA) stock fell nearly 13% after an analyst downgrade from Deutsche Bank, despite beating earnings estimates in its first-quarter report. The downgrade was based on reduced forecasts for EBITDA and free cash flow in the coming years, citing competition and valuation concerns.
Tickers: $CMCSA
Topics: analyst downgrade Comcast earnings report market reaction stock performance