Comcast Corporation (NASDAQ:CMCSA) shares are trading lower after the company reported worse-than-expected second-quarter sales results yesterday. The company reported a revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion and adjusted EPS of $1.21, beating analyst consensus estimates of $1.12. BofA Securities analyst Jessica Reif Ehrlic reiterated a Buy rating with a price target of $50. Although it’s early in the quarter and most ACP activity will be in the third quarter, the analyst is reducing the broadband net loss forecast to -150k from -165k due to positive customer response, Comcast’s targeted segmentation, and favorable seasonality. Ehrlic revised the 2024 broadband net loss forecast to -415k (from -485k). For C&P, revenue is expected to be flat (0.0%) with a 1.5% EBITDA increase (previously 1.3%), and C&E revenue growth is revised to 2.1% (from 5%) with an 8% EBITDA ...