12 Best Affordable Stocks To Buy Right Now

9. Comcast Corporation (NASDAQ:CMCSA)

Forward P/E Ratio: 10.23

Earnings Growth This Year: 6.05%

Number of Hedge Fund Holders: 72 

Comcast Corporation (NASDAQ:CMCSA) is one of the best affordable stocks to buy right now. It operates as one of the largest media and internet providers in the United States. The company owns renowned brands such as Telemundo, Universal Pictures, and NBC.

The consumer trend towards traditional media distribution channels is subsiding, thereby creating trouble for media companies like Comcast Corporation (NASDAQ:CMCSA). As a result of this trend and the ending of the Affordable Connectivity Program (ACP), the company lost 29,000 Connectivity & Platforms Customer Relationships and 87,000 Domestic Broadband Customers.

However, regardless of the decrease in customer relationships, the company did well in increasing its Broadband revenue by 2.7% year-over-year, driven by a 3.6% increase in average revenue per user. Moreover, to tackle the customer relationship issue, management has shifted its focus to its wireless segment and added 319,000 new domestic customer lines during the quarter. Its streaming service platform Peacock also proved to be successful as paid subscribers improved by 29%, propelled by the 2024 Summer Olympics. Looking ahead management aims to retain its competitive edge within the broadband segment, while further improving its wireless and subscription services.