StocksMedium•25 September 2026•
1 min read
KeyBanc Downgrades Comcast to Underweight with $18 Price Target
Key Facts
1KeyBanc Capital Markets downgraded Comcast Corporation (CMCSA) to Underweight and reduced its price target to $18.
2The downgrade is attributed to worsening broadband subscriber trends, pressure on cable profitability, and weaker theme-park performance.
3Comcast shares declined approximately 2.2% in premarket trading following the news.
KeyBanc Capital Markets downgraded Comcast Corporation (CMCSA) to Underweight and reduced its price target to $18. Seeking Alpha reported that shares declined approximately 2.2% in premarket trading following the announcement.
The downgrade is attributed to worsening broadband subscriber trends, pressure on cable profitability, and weaker performance in the company's theme parks. CMCSA closed at $22.13 on September 24, 2026, after reaching a session low of $22.02.