The stock of Comcast Corporation (NASDAQ:CMCSA) reached all time high today, Nov, 23 and still has $74.12 target or 7.00% above today’s $69.27 share price. This indicates more upside for the $167.74B company. This technical setup was reported by Barchart.com. If the $74.12 PT is reached, the company will be worth $11.74B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.06 million 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 $2.18 billion for 19.24 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. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Outperform” rating by RBC Capital Markets on Thursday, February 4. On Tuesday, September 29 the stock rating was maintained by Macquarie Research with “Neutral”. The stock has “Outperform” rating given by Macquarie Research on Monday, October 24. The firm earned “Buy” rating on Wednesday, August 26 by Wunderlich. Suntrust Robinson initiated the stock with “Neutral” rating in Wednesday, November 11 report. Nomura initiated it with “Buy” rating and $72.0 target price in Tuesday, December 8 report. The rating was maintained by Goldman Sachs on Wednesday, May 4 with “Buy”. Pivotal Research maintained Comcast Corporation (NASDAQ:CMCSA) rating on Thursday, December 17. Pivotal Research has “Buy” rating and $74 price target. As per Wednesday, August 19, the company rating was upgraded by Moffett Nathanson. The firm earned “Outperform” rating on Monday, July 27 by RBC Capital Markets.
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 is negative, 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.
Sigma Invest Counselors has 6,047 shares for 0.07% of their US portfolio. Spinnaker has invested 0.37% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Lenox Wealth Advisors accumulated 0% or 204 shares. Moreover, Windward Cap Management Communication Ca has 2.06% invested in Comcast Corporation (NASDAQ:CMCSA) for 163,207 shares. Cohen Lawrence B holds 0.96% or 24,715 shares in its portfolio. Federated Pa holds 403,660 shares or 0.08% of its portfolio. General Elec holds 1.4% or 4.13M shares in its portfolio. Park Oh, a Ohio-based fund reported 49,051 shares. Hs Mngmt Prtn Ltd Liability accumulated 6.49% or 2.39M shares. Suntrust Banks reported 995,234 shares or 0.4% of all its holdings. Weitz Investment last reported 0.76% of its portfolio in the stock. Moreover, Arrowgrass Partners (Us) Lp has 0.02% invested in Comcast Corporation (NASDAQ:CMCSA) for 31,439 shares. Crestwood Limited Liability Company accumulated 0.04% or 5,327 shares. Burt Wealth Advsr has invested 0.19% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Butensky & Cohen Fincl Security, a Florida-based fund reported 641 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 9 sales for $27.23 million net activity. $20.45M worth of shares were sold by ROBERTS BRIAN L on Friday, July 29. Smit Neil also sold $2.00 million worth of Comcast Corporation (NASDAQ:CMCSA) on Friday, July 29. Another trade for 245 shares valued at $15,394 was made by RODIN JUDITH on Thursday, June 9. Shares for $67,257 were sold by BLOCK ARTHUR R. COHEN DAVID L had sold 19,444 shares worth $1.27 million on Tuesday, October 11. Shares for $157,060 were sold by BACON KENNETH J on Thursday, June 16.
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. Investorplace.com‘s article titled: “Does Comcast Corporation (CMCSA) Show the Future for AT&T Inc (T) and Time …” and published on October 24, 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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