** Media and telecom major Comcast CMCSA.O topped estimates for quarterly revenue and profit on Thursday, driven by a surge in theme park attendance sparked by the May debut of "Epic Universe", growth in its domestic wireless business and a spike in streaming revenue
** On average, stock is rated "hold" by 31 analysts; median PT is $39.5 - data compiled by LSEG
HOLDING ON IN A CROWDED MARKET
** J.P. Morgan ("neutral," PT: $38) encouraged by improving broadband trends, but remains cautious due to rising competition from fiber and fixed wireless access
** Oppenheimer ("outperform," PT: $38) believes co's revamped go-to-market strategy and converged service packaging are improving subscriber trends; but expects co to trail Charter CHTR.O and lose market share to FWA and fiber providers
** BofA Global Research ("neutral," PO: $38) believes intense competition will likely drive broadband subscriber losses for the foreseeable future
** Benchmark ("buy," PT: $48) says that despite the weak result, new Xfinity initiatives could drive modest growth in Connectivity & Platforms adjusted EBITDA from next year
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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