Comcast stock hits lowest level in over a decade after KeyBanc downgrade

Comcast shares fell 2.2% to $21.64 in premarket trading, on track to close at their lowest level since October 2013. KeyBanc downgraded the stock to Underweight with an $18 price target. Analyst Brandon Nispel cited faster-than-expected broadband subscriber losses (558,000 in 2026, 665,000 in 2027), a slowing theme park business, and skepticism that the planned NBCUniversal spinoff will boost the stock. He sees the spinoff potentially paving the way for a merger with Charter Communications, which rose 0.4% premarket.