Xfinity Mobile's Price Cut Is A Positive For Comcast Versus Premium Providers Verizon, AT&T, Analyst Says

Comcast Corp's CMCSA Xfinity Mobile slashed the pricing of its Mobile plans to $45 for one line, $30 per line for two to four lines, and just $20 per additional line after that.
The new pricing follows Charter Communications, Inc's CHTR price cut declared in October 2021.
Verizon Communications Inc VZ recently launched a new unlimited data plan pricing.
Also Read: Wireless Carriers T-Mobile, Verizon, AT&T And Broadband-Internet Providers Comcast, Charter Compete For Customers
KeyBanc analyst Brandon Nispel saw the update as positive for Cable, specifically Comcast mobile subscriber growth, damaging the Big 3 Wireless Carriers, mainly Verizon and AT&T Inc T, which he viewed as premium-priced providers.
He believes Mobile pricing is likely under pressure, contrary to the view that Wireless Carriers have pricing power given their recent price increases.
Cable continues to push aggressively on Mobile pricing compression, which acts to combat the competitive threat Wireless Carriers pose to Cable's Home Broadband business.
He reiterated the belief that Cable operators are more efficient in handling the competition than wireless carriers.
Recently, MoffettNathanson downgraded Verizon to Underperform from Market Perform with a $41 price target, down from $55.
Verizon's efforts to avoid being dragged into AT&T's promotional abyss met limited success. It saw Verizon in a tough position, with challenging market expectations and a (modestly) higher valuation than AT&T.
Price Action: CMCSA shares traded lower by 0.91% at $37.28 on the last check Tuesday.
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