Comcast And Its Real Value

Comcast Corporation (CMCSA) is set to announce its first quarter results on April 30. The company's top line in the to-be-reported quarter is expected to have benefited from an increased number of high-speed Internet subscribers amid the coronavirus outbreak. The increase in people working from home and the increase in media consumption has had a positive impact on the company. Comcast has extended its commitment through June 30 to not charge late fees or disconnect customers, and will continue providing 60 days of free Internet access to low-income families who need it to complete eLearning initiatives with their children.

Related to its COVID-19 efforts, the top executives are donating their salaries to COVID-19 charities for the duration of the crisis. The company also committed $500 million to support its staffers. It hasn't all been smooth sailing for Comcast though, as a class action lawsuit was recently filed by a Pennsylvania man who claims that the company procured consumers' credit reports with neither a permissible purpose nor consent to do so, invading consumer's privacy and harming their credit.

READ FULL ARTICLE HERE