Comcast Corporation (CMCSA) a Blue-Chip Company with Ample Room for Growth

July 21, 2014

Portfolio Manager Sonu Kalra of Fidelity Investments characterizes Comcast Corporation (CMCSA) as a blue-chip company. Comcast holds a dominant position in core cable markets, he says, and is the leading provider of high-speed Internet.

“The key here is their broadband business. If I were to take a survey of consumers and ask them what’s the one utility you can’t live without, most people would end up saying ‘Internet’ these days,” Kalra said.

FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.

Comcast Corporation’s recent acquisition activity should also position the company well for the future, Kalra says.

“They’re in the process of acquiring Time Warner Cable (TWC), which would consolidate the market even further. So I think there is a lot of room for them to grow out,” Kalra said.