Media and technology company Comcast’s (CMCSA) top and bottom lines surged in its last reported quarter. However, the stock has retreated considerably since hitting its all-time price high on September 2, 2021, and closed yesterday’s trading session at $48.18. So, let’s find out if it is wise to buy the dip in the stock now.Well known media and technology company, Comcast Corporation (NASDAQ:) in Philadelphia, Pa., has three primary businesses: Comcast Cable, NBCUniversal, and Sky. Investors worry about growing streaming competition. Also, this month, the company’s cable unit’s president and CEO, David Watson, said at a conference that the company would end 2021 with a net addition of about 1.3 million broadband subscribers, compared to nearly 2 million in 2020. The stock has declined 9.7% in price over the past month to close yesterday’s trading session at $48.18.

CMCSA currently trades at 22% less than the $61.80 all-time record, reached on September 2, 2020.

CMCSA, however, reopened its share repurchase programme in May 2021 to reflect its confidence. In its third quarter, fiscal 2021 it also paid $1.20 trillion in dividends. In addition, the company reported the highest number of wireless net additions during the third quarter in 2017 since the introduction of Xfinity Mobile. Moreover, NBCUniversal’s continued recovery at domestic theme parks continues to drive its NBCUniversal results. So, CMCSA’s near-term prospects look promising.

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