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BOSSIER CITY, La. - Comcast (NASDAQ: CMCSA), a prominent player in the Media industry with a market capitalization of $120 billion, announced a $19 million investment to expand high-speed internet infrastructure in Bossier City, with the project expected to be completed by the end of 2026. According to InvestingPro analysis, the company appears undervalued, supported by strong financials and a ’GOOD’ overall health score.
The telecommunications company is rolling out new services in select neighborhoods this year, according to a press release statement. The expansion includes various internet packages, with an entry-level plan starting at $14.95 per month and everyday pricing that includes a five-year price guarantee. The company’s strong financial position is reflected in its healthy 70.8% gross profit margin and consistent dividend payments, which it has maintained for 18 consecutive years.
"We’re committed to supporting the people who make Bossier City special," said Mike McArdle, Comcast Regional Senior Vice President.
As part of its community engagement efforts, Comcast has supported local events including the Red River Balloon Rally and partnered with the African American Celebration Corporation to host a free haircut giveaway for veterans and military families in Bossier City and Shreveport.
The company also illuminated the Bakowski Bridge of Lights in purple to mark its growing presence in the region.
Comcast employees in nearby Shreveport recently packed 200 backpacks with school supplies for donation to a back-to-school drive scheduled for August 9.
The network infrastructure being built is designed to deliver multi-gigabit speeds with 99.9% reliability, according to the company. The expansion is part of Comcast’s broader initiative to address the digital divide by increasing access to high-speed internet services. For deeper insights into Comcast’s financial outlook and growth potential, including additional ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Comcast Corporation announced the completion of a network extension project to provide high-speed internet and advanced technology solutions to the Block 59 development in Naperville. This extension offers businesses in the area access to internet speeds up to 100 Gigabits per second, along with various other services. Additionally, Comcast’s Board of Directors declared a quarterly cash dividend of $0.33 per share, payable on October 22, 2025, to shareholders of record as of October 1, 2025.
On the financial front, Rosenblatt increased its price target for Comcast to $38 from $37, maintaining a Neutral rating. The adjustment follows Comcast’s second-quarter earnings report, with Rosenblatt citing slight increases in projected revenue, EBITDA, and adjusted EPS for 2025. Meanwhile, Bernstein reiterated its Market Perform rating with a $37 price target, cautioning about potential challenges in Comcast’s broadband business. These developments come amid various strategic and financial updates from the company.
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