Despite a tumultuous period of change in the entertainment industry over the past several years, popular TV and Internet provider Comcast Corporation (CMCSA) has remained resilient. Its third-quarter revenue edged past Wall Street’s expectations due to a steady rebound in its theme parks and studios businesses.
As the battle between the Fed and sky-high inflation has heightened market volatility this year, the entertainment conglomerate’s shares have dropped more than 30% over the past year. However, it has gained 11.1% over the past three months, closing its last trading session at $34.62. It is trading 33.6% below its 52-week high price and has a 24-month beta of 0.63.
