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With NBC Universal Deal, Lower-Than-Expected Subscriber Losses, Comcast Shares Hit New High

Mar 1, 2011  •  Post A Comment

With the NBC Universal deal completed and after reporting lower-than-expected basic cable subscriber losses, Comcast shares hit a 52-week high on Monday, Feb. 28, 2011, reports The Hollywood Reporter.

Shares on Monday closed 2% higher at $25.76, leaving the stock up 17% year-to-date, the story notes.

It adds that other TV distribution stocks have performed well this year and have also hit recent 52-week highs, except for Dish Network, as concerns about consumers cutting subscriptions have waned.

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