Comcast Launches Flexible Internet and Mobile Access NOW From Investing.com

PHILADELPHIA – Comcast Corporation (NASDAQ:) announced the introduction of NOW, a new suite of prepaid Internet, mobile and TV streaming products. NOW is designed to offer consumers low-cost monthly services backed by the reliability of the Xfinity network without the need for contracts or credit checks.

NOW Internet is positioned as a more reliable alternative to fixed wireless services, offering prepaid options at competitive prices. Customers can choose between two Internet speeds: 100 Mbps for $30 a month or 200 Mbps for $45 a month, both with unlimited data and including an Xfinity gateway.

The mobile component, NOW Mobile, provides unlimited 5G data, talk and texting for $25 per line. It stands out as the only prepaid wireless option that integrates access to over 23 million Xfinity WiFi hotspots.

The streaming service, NOW TV, available to Xfinity Internet customers, includes live and on-demand content from more than 40 networks, several integrated FAST channels and Peacock Premium, all for $20 a month. Additionally, NOW WiFi Pass offers unlimited access to Xfinity WiFi hotspots for $20 for 30 days.

According to Dave Watson, President and CEO of Connectivity and Platforms at Comcast, NOW was created in response to consumer demand for simple, reliable and affordable connectivity and entertainment options.

In light of the impending end of the Affordable Connectivity Program (ACP) in April, unless additional funding is provided, the NOW wallet should serve as an affordable option for those enrolled in the ACP, complementing bandwidth adoption programs Comcast’s existing low-income broadband.

Initial trials for NOW Internet and Mobile have begun in select cities, with a broader nationwide rollout expected in the coming weeks. NOW TV and WiFi Pass are currently available in all Comcast service areas.

This new offering from Comcast aims to provide a simple solution for customers looking for quality Internet and mobile services on flexible terms. The information presented in this article is based on a press release from Comcast Corporation.

Insights on InvestingPro

As Comcast Corporation (NASDAQ:CMCSA) launches its new NOW product line, aiming to capture a larger share of the prepaid services market, the company’s financial health and strategic moves are of particular interest to investors.

Comcast management has demonstrated confidence in the company’s prospects through aggressive stock buybacks, a sign often interpreted as a bullish sign about the company’s valuation and future performance. This is in line with the company’s track record of increasing its dividend for four consecutive years, demonstrating a commitment to returning value to shareholders.

InvestingPro data highlights Comcast’s robust financial metrics, with a market capitalization of $154.94 billion and an attractive price-to-earnings (P/E) ratio of 10.05 over the trailing twelve months as of the fourth quarter of 2023. Added to this is a gross profit margin of 69.76%, indicating strong profitability in the media sector.

Furthermore, the company’s dividend yield stood at 3.05%, with a notable dividend growth of 14.81% over the past twelve months, underlining its attractiveness to income-oriented investors.

For those considering Comcast as an investment opportunity, the PRONEWS24 coupon code can unlock an additional 10% discount on a one-year or two-year Pro and Pro+ subscription at InvestingPro, where 9 additional InvestingPro tips are available.

These tips provide deeper insights into the company’s financials, stock performance, and industry positioning, including observations on earnings revisions and liquidity issues that could impact investment decisions.

With Comcast’s next earnings date scheduled for April 25, 2024, and analysts predicting the company will remain profitable this year, the introduction of NOW could be a strategic move that is reflected in future earnings reports.

InvestingPro’s fair value estimate of $55.58 suggests potential upside from the previous closing price of $39.12, indicating room for growth in some analysts’ ratings.

This article was generated with the support of AI and reviewed by an editor. For further information please see our T&Cs.



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