New to Investment Firms?


Already have an account?

If You Invested $1,000 In Comcast 10 Years Ago, Here’s How Much You’d Have Now

Have you ever thought about what your returns would equal if you invested $1,000 in Comcast (NASDAQ: CMCSA) ten years ago? Comcast is the country’s largest cable television network and home Internet service provider. 

Comcast has offices in Atlanta, Detroit, Denver, Manchester, New Hampshire, and New York City, in addition to its headquarters in Philadelphia, Pennsylvania. This telecommunications conglomerate started as a small cable provider in Tupelo, Mississippi, in 1963. In 1972, the corporation went public for the first time.

Comcast serves residential and commercial customers in more than 40 states. They are a developer of movies and tv shows for theatrical release as well as distributed over-the-air and cable television.

Comcast owns and maintains the Xfinity residential cable communications division. Comcast Cable is Comcast Corporation’s cable television subsidiary, which offers cable tv, high-speed internet, and landline phone service under the Xfinity name. They provide their subscribers with third-party tv programming, as well as producing its own original programming.

If you’d invested 1,000 in Comcast Corporation (CMCSA) on May 11, 2011, today the investment would be worth $5,509.00 with an annual rate of return of 18.57%. You would have made a total profit of $4,509.

Comcast develops technologies and content that brings people closer to the people, places, and things that are important to them. In the first quarter Comcast saw a 2.2 percent rise in revenue to $27.2 billion. Comcast’s net income rose by $55.1 percent to $3.3 billion. Earnings per share (EPS) is $0.71, which is up 54.3 percent from the first quarter of 2020.

In Q1 2021, Cable Comms acquired 460k new Internet subscribers, raising the total to 31.0 million. If Comcast can build upon this momentum their stock will continue to be an enticing investment on the market.

Where to Invest $1,000 Now

Investing in quality companies over long periods of time is a sound investment strategy. Whatever you invest in next, you should be prepared to hold that investment for at least ten years.

This is the mindset to have when investing your hard earned money. If you have trouble picking and choosing which company that you could own potentially for the next ten years, feel free to contact a financial advisor for pro tips.