10 Best Stocks Under $50 to Buy Right Now

4. Comcast Corporation (NASDAQ:CMCSA)

Share Price as of February 20: $36.48

Number of Hedge Fund Holders: 80

Comcast Corporation (NASDAQ:CMCSA) is a media, entertainment, and communications conglomerate with three business units: Cable Communications, NBCUniversal, and Sky, Europe’s top entertainment provider.

On January 31, Loop Capital revised its outlook for Comcast Corporation (NASDAQ:CMCSA), lowering the price target from $53 to $50 while maintaining a Buy rating. Loop Capital analyst Alan Gould’s decision followed Comcast’s fourth-quarter earnings release, which indicated a shortfall on numerous key performance parameters. Comcast’s fourth-quarter earnings revealed a decline in broadband and cellular subscribers, with a modest miss on Peacock subscribers. Despite these setbacks, the company outperformed forecasts in terms of sales, EBITDA, free cash flow, and earnings per share. Despite the poor broadband results, Loop Capital believes the market has adjusted its expectations for Comcast Corporation (NASDAQ:CMCSA).