12 Most Undervalued Large Cap Stocks to Buy Now

8. Comcast Corp. (NASDAQ:CMCSA)

Forward Price-to-Earnings Ratio as of March 4: 8.46 

Number of Hedge Fund Holders: 80

Comcast Corp. (NASDAQ:CMCSA) is a media and technology company that operates across sectors like residential and business connectivity, media, studios, and theme parks. Through its segments, it delivers broadband, wireless, and video services. It also manages national and international television networks, produces and distributes film and television content, operates theme parks worldwide, and provides streaming platforms.

The company’s Residential Connectivity grew by 3% year-over-year in 2024 and drove its overall growth. This segment provides services to connect homes to the internet and other communication networks, primarily broadband internet. However, Q4 2024 saw a loss of 139,000 broadband subscribers, which reflected intense market competition. To counter this, Comcast Corp. (NASDAQ:CMCSA) is prioritizing its Xfinity Mobile wireless service.

Xfinity Mobile wireless service is the company’s mobile phone service that uses Verizon’s network and Comcast’s WiFi hotspots to provide cellular connectivity to its customers. With 7.8 million lines and 12% broadband customer penetration, it has growth potential. The company will bundle mobile with premium broadband and enhance mobile speeds via the WiFi network.