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Telecom Turmoil: Comcast Rises 7% on Media Spinoff, AT&T Falls 5% on CFO Exit and Starlink Threat, Verizon Sinks 7% on Dow Exit
Key takeaways
- AT&T stock fell 5% as CFO Pascal Desroches announced retirement and a Wall Street analyst downgraded the stock citing rising Starlink competition.
- Starlink satellite-broadband competition is the shared threat pressuring both AT&T and Verizon, with both stocks trading at single-digit P/E ratios below analyst targets.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Comcast didn't make the cut.
Telecom Turmoil: Comcast Rises 7% on Media Spinoff, AT&T Falls 5% on CFO Exit and Starlink Threat, Verizon Sinks 7% on Dow Exit David Moadel Mon, June 29, 2026 at 11:04 PM GMT+7 4 min read CMCSA T VZ ^DJI NVDA Quick Read Comcast stock surged 7% on a plan to spin off NBCUniversal, while Verizon stock sank 7% after the Dow replaced it with Alphabet stock.
AT&T stock fell 5% as CFO Pascal Desroches announced retirement and a Wall Street analyst downgraded the stock citing rising Starlink competition.
Starlink satellite-broadband competition is the shared threat pressuring both AT&T and Verizon, with both stocks trading at single-digit P/E ratios below analyst targets.
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