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flag Comcast stock fell after being downgraded to "sell" following Versant spin-off, despite strong earnings.

flag Comcast (CMCSA) was downgraded to "sell" by Arete Research, citing investor skepticism after the spin-off of Versant, which debuted with a decline. flag Despite a strong quarterly report showing $0.77 EPS and $30.34B in revenue, analyst sentiment remains mixed, with a consensus "hold" rating and a $35.18 average price target. flag The company completed the Versant separation, seen as a strategic move to focus on core businesses like broadband, wireless, and Peacock. flag While Xumo’s new identity solution offers long-term streaming ad potential, challenges in cable and advertising markets persist. flag The stock opened at $28.13, with a market cap of $102.5B, a P/E of 4.68, and 84.32% institutional ownership.

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