The stock of Comcast Corporation (NASDAQ:CMCSA) hit a new 52-week high and has $72.92 target or 5.00% above today’s $69.45 share price. The 7 months bullish chart indicates low risk for the $168.18B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $72.92 price target is reached, the company will be worth $8.41 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.71M shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 13.26% since April 21, 2016 and is uptrending. It has outperformed by 7.93% the S&P500.
Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on February, 1. They expect $0.90 EPS, up 11.11% or $0.09 from last year’s $0.81 per share. CMCSA’s profit will be $2.18B for 19.29 P/E if the $0.90 EPS becomes a reality. After $0.92 actual EPS reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.
Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage
Out of 15 analysts covering Comcast Corporation (NASDAQ:CMCSA), 12 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 80% are positive. Comcast Corporation has been the topic of 32 analyst reports since July 27, 2015 according to StockzIntelligence Inc. As per Wednesday, May 4, the company rating was maintained by Goldman Sachs. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, April 28 report. The rating was maintained by Macquarie Research with “Neutral” on Tuesday, September 29. The rating was maintained by Macquarie Research with “Neutral” on Monday, January 4. The firm has “Buy” rating given on Thursday, July 23 by Pivotal Research. As per Friday, July 24, the company rating was maintained by UBS. Argus Research upgraded it to “Buy” rating and $72 target price in Friday, February 5 report. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, October 28 report. The company was maintained on Thursday, December 17 by Pivotal Research. On Wednesday, August 19 the stock rating was upgraded by MoffettNathanson to “Neutral”.
According to Zacks Investment Research, “Comcast Corp., among the world’s leading communication companies, provides basic cable, digital cable and high speed internet services that connect people to what’s important in their lives. They are in the process of deploying digital video applications and high-speed Internet access service to expand the products available on their cable communications networks.”
Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.06, from 0.94 in 2016Q1. The ratio dropped, as 62 funds sold all Comcast Corporation shares owned while 488 reduced positions. 82 funds bought stakes while 436 increased positions. They now own 1.91 billion shares or 3.22% less from 1.97 billion shares in 2016Q1.
Neuberger Berman Group Limited Liability Com owns 6.26M shares or 0.56% of their US portfolio. Busey Com has 0.03% invested in the company for 3,361 shares. Orinda Asset Mngmt holds 0.16% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 2,305 shares. Sumitomo Life Insurance owns 119,407 shares or 1.07% of their US portfolio. Scharf Invests Limited Liability reported 3.40M shares or 4.97% of all its holdings. Geode Capital Management Lc last reported 20.39 million shares in the company. Guardian Tru Comm has 2.31 million shares for 1.16% of their US portfolio. Bancorp Of Montreal Can accumulated 6.86 million shares or 0.51% of the stock. Sterling Inv Management, a Arizona-based fund reported 45,968 shares. Rockland Trust Com reported 191,349 shares or 2.1% of all its holdings. North Amer Management Corp last reported 0.12% of its portfolio in the stock. The Ontario – Canada-based Cibc Asset Mngmt has invested 0.14% in Comcast Corporation (NASDAQ:CMCSA). Moreover, Rockefeller Fincl Serv Incorporated has 2.4% invested in Comcast Corporation (NASDAQ:CMCSA) for 1.84M shares. Bbva Compass Bank Inc holds 100,646 shares or 0.49% of its portfolio. Cullinan Associate last reported 152,907 shares in the company.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 9 sales for $27.23 million net activity. $1.31M worth of Comcast Corporation (NASDAQ:CMCSA) was sold by COHEN DAVID L on Wednesday, October 19. $157,060 worth of shares were sold by BACON KENNETH J on Thursday, June 16. Another trade for 245 shares valued at $15,394 was sold by RODIN JUDITH. BLOCK ARTHUR R had sold 1,023 shares worth $67,257 on Friday, September 16. On Friday, July 29 the insider ROBERTS BRIAN L sold $20.45 million. Smit Neil also sold $993,171 worth of Comcast Corporation (NASDAQ:CMCSA) on Thursday, September 1.
More news for Comcast Corporation (NASDAQ:CMCSA) were recently published by: Fool.com, which released: “Better Buy: Comcast Corporation vs. Charter Communications” on November 14, 2016. Businesswire.com‘s article titled: “Comcast Announces Agreements with Two New Hispanic American-Owned Independent …” and published on November 15, 2016 is yet another important article.
CMCSA Company Profile
Comcast Corporation, incorporated on December 7, 2001, is a media and technology company. The Company’s primary businesses include Comcast Cable and NBCUniversal. The Company’s Comcast Cable business operates through Cable Communications segment. The Company’s NBCUniversal business consists of four divisions, which include Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks. The Company’s other business interests consists of Comcast Spectacor, which owns the Philadelphia Flyers, and the Wells Fargo Center arena in Philadelphia, Pennsylvania, and operates from arena management-related businesses.
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