BUZZ - Comcast shares fall; KeyBanc downgrades rating due to concerns over broadband business and theme park operations

September 25 - ** Shares of media and telecommunications company Comcast (stock code: CMCSA.O) fell 1.4% in pre-market trading, reported at $21.82

** KeyBanc downgraded its rating from “neutral” to “underweight”

** The brokerage set a target price of $18, suggesting an 18.7% downside from the previous session’s closing price

** KeyBanc noted intensifying competition in the broadband market and pressure on new user growth

** The brokerage expects the theme park business to remain under pressure, impacted by sluggish visitor numbers in Orlando and declining numbers in Osaka

** The average rating from 30 analysts is “hold”; the median target price is $29—data compiled by LSEG

** As of the last trading session’s close, the stock is down about 21% year-to-date

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