Comcast Video Subscriber Losses Seen Exploding, Price Target Cut

Comcast's (CMCSA) video subscriber losses will more than double in 2018 from last year, says one Wall Street analyst who lowered his price target on the nation's biggest cable TV firm Thursday.

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"We now expect Comcast to lose 400,000 video subscribers in 2018 (previous estimate negative 320,000) while video revenue fall 1.4%," UBS analyst John Hodulik said in a note to clients. Hodulik lowered his price target to 47 from 49.

Comcast lost 150,000 video subscribers last year, even though...

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