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Comcast: Q3 Net Adds Slowdown Does Not Justify 7% Correction

Comcast: Q3 Net Adds Slowdown Does Not Justify 7% Correction

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We believe the 7.3% fall in Comcast stock on Tuesday represented an overreaction to the CFO’s comments on a net adds slowdown. Comcast still expects 2021 broadband net adds to be higher than in 2019; Charter’s CFO reiterated similar expectations on Monday.

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