BUZZ - Brokerage Opinion: As satellite competitors draw closer, Comcast undergoes restructuring

October 23 - ** Comcast (CMCSA.O) announced on Thursday that, due to organizational restructuring, it will record over $1 billion (link) in expenses in the fourth quarter. This move is intended to prepare for its planned mid-2027 spin-off of NBCUniversal.

** Among the 29 brokerages covering the stock, the median target price is $29, according to data compiled by LSEG.

New players have joined the discussion

** Barclays (rating: "Neutral", target price: $24) said the company's restructuring and NBCUniversal business spin-off could serve as upside catalysts, but competition in broadband and mixed media business performance may limit the company's recovery before operational trends improve.

**JPMorgan ("Neutral", target price: $29) stated that the expansion of its fiber network, the continued growth in fixed wireless access market share, and the growing threat from satellite broadband could result in sustained competition before 2027.

** Scotiabank ("Sector Perform", target price: $27.5) commented that the company's restructuring measures (including over $1 billion in fourth-quarter expenses) should improve efficiency and create room for growth-focused investments, though competition from satellite broadband may intensify in the coming years.

** Evercore ISI ("Outperform", target price: $29) noted that fundamental trends are improving, including customer satisfaction, broadband speed upgrades, and service quality, although competition from fiber, fixed wireless, and eventually satellite broadband may continue to weigh on growth.

(For the benefit of non-native English speakers, Reuters has automated the translation of its report into several other languages. Because automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation text, which is provided solely as a convenience to readers. Reuters assumes no responsibility for any damage or loss arising from the use of the automated translation feature.)