Comcast is planning to invest over £6 billion in its first European Universal resort in the UK. The company is also rolling out Xfinity Same-Day WiFi with equipment delivery and in-store pickup for new US customers, while NBCUniversal launches a nationwide Minions and Monsters augmented reality experience across Xfinity retail stores tied to Illumination content. Comcast shares last closed at $22.69, having declined 26.2% over the past year and 49.1% over five years. The stock trades about 30% below a consensus analyst target of $32.40 and is flagged as trading 74.4% below an estimated fair value. Forecast earnings are expected to decline by an average of 11.2% per year for the next three years.
Comcast CorpComcast plans £6 billion UK resort investment and launches same-day WiFi, but stock is down 26% over past year and trades below analyst target.