Cowen Warns of COVID-19 Hits to Comcast
Citing COVID-19-related social distancing and the likely recession, Cowen analysts told investors Monday they expect lower Comcast earnings due largely to its theme parks business, which likely will be closed through the first half of the year. The researchers said…
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broadcast TV and cable network advertising likely will take a hit over the next year, and not rebound. Cowen said Comcast's signing of the FCC ISP pledge to not cut off service during the pandemic and to waive late fees (see 2003130066) could have "modest impacts" on its collections and revenue-per-customer growth. The company didn't comment.