Comcast Corporation (CMCSA) Just Got Put On A Positive Catalyst Watch, Reveals Jim Cramer

We recently published 9 Stocks On Jim Cramer’s Radar . Comcast Corporation (NASDAQ:CMCSA) is one of the stocks Jim Cramer recently discussed.

Media, entertainment, and telecommunications giant Comcast Corporation (NASDAQ:CMCSA)’s shares have lost 9.2% year-to-date as the firm continues to struggle in the hot broadband market. Two major catalysts for the stock this year have been the firm’s and peer Charter Communications’ earnings. Both these results indicated that the due continued to lose broadband consumers. Cramer has previously wondered whether Comcast Corporation (NASDAQ:CMCSA) would have been better off had it focused on cybersecurity instead. Here are his latest thoughts about the firm:

” [inaudible] a piece this morning about how Comcast had a positive catalyst watch. Yeah they did this post with a positive catalyst watch. Yeah with a 39 dollar price target.

“I remember Carl, the whole hope with Comcast, a company that we work for still, you had to hope that other people didn’t move into fixed wireless. Because you just don’t want the competition. Now I am sure if you ask anyone at Comcast, don’t worry, I mean don’t worry, don’t worry, don’t worry, it’s like you know, now I’m worried about the don’t worry.”

Previously, Cramer discussed Comcast Corporation (NASDAQ:CMCSA)’s valuation:

“Okay so, I’m just gonna go there. Comcast sells 7.8 time forward earnings. So you have to go very far to find companies with that low multiple. Their multiple is lower than Ford Motor, okay. Their multiple is, only GM, that I have found is a lower multiple. So what do you make of that?”

 “. . .it’s 4% yield. Again, the top, the bottom ten percent. No, the bottom ten of the S&P [in terms of the multiple]. With a very good company.”

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Disclosure: None. This article is originally published at Insider Monkey.