Notable Reporting: Could Comcast Corporation Lose its Strength? The Stock Reaches 52-Week High

Notable Reporting: Could Comcast Corporation Lose its Strength? The Stock Reaches 52 Week High

The stock of Comcast Corporation (NASDAQ:CMCSA) hit a new 52-week high and has $76.21 target or 9.00% above today’s $69.92 share price. The 6 months bullish chart indicates low risk for the $165.25B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $76.21 price target is reached, the company will be worth $14.87B 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 7.75 million shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 11.89% since April 26, 2016 and is uptrending. It has outperformed by 6.63% 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 $2.13B for 19.42 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. Wunderlich maintained the stock with “Buy” rating in Wednesday, August 26 report. The firm has “Outperform” rating given on Wednesday, January 6 by Credit Suisse. RBC Capital Markets maintained Comcast Corporation (NASDAQ:CMCSA) rating on Thursday, April 28. RBC Capital Markets has “Outperform” rating and $70 price target. The stock has “Buy” rating given by Pivotal Research on Thursday, July 23. Telsey Advisory Group maintained it with “Outperform” rating and $76.50 target price in Friday, August 19 report. The firm has “Neutral” rating given on Wednesday, August 19 by MoffettNathanson. The firm earned “Neutral” rating on Wednesday, November 11 by SunTrust. The firm has “Buy” rating by UBS given on Friday, July 24. The rating was maintained by Wunderlich with “Buy” on Wednesday, September 16. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, October 28.

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.
M&T Financial Bank Corporation last reported 0.37% of its portfolio in the stock. Voloridge Investment Mngmt Llc owns 237,508 shares or 0.44% of their US portfolio. The Connecticut-based Scholtz And Co Limited Co has invested 4.25% in Comcast Corporation (NASDAQ:CMCSA). Liberty Mutual Grp Inc Asset last reported 0.5% of its portfolio in the stock. Thornburg Inv owns 171,742 shares or 0.09% of their US portfolio. Artisan Partners Limited Partnership has 0.05% invested in the company for 392,089 shares. Financial Bank Of Montreal Can has 6.86 million shares for 0.51% of their US portfolio. Concannon Wealth Management Lc has invested 0.04% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Harris Associate Limited Partnership last reported 0.66% of its portfolio in the stock. Raymond James Fin Service Advsrs accumulated 0.11% or 170,704 shares. The Massachusetts-based Boston Partners has invested 0.77% in Comcast Corporation (NASDAQ:CMCSA). Hallmark Capital Mngmt accumulated 0% or 291 shares. Advisory Svcs Ntwk Ltd Liability Company, a Georgia-based fund reported 7,368 shares. The New York-based Mufg Americas Corporation has invested 0.73% in Comcast Corporation (NASDAQ:CMCSA). Sumitomo Mitsui Tru has 0.83% invested in the company for 7.43 million shares.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 8 selling transactions for $26.27 million net activity. Smit Neil had sold 15,121 shares worth $959,763. Another trade for 20,100 shares valued at $1.31M was sold by COHEN DAVID L. 1,023 Comcast Corporation (NASDAQ:CMCSA) shares with value of $67,257 were sold by BLOCK ARTHUR R. On Thursday, June 9 the insider RODIN JUDITH sold $15,394. BACON KENNETH J had sold 2,500 shares worth $157,060. ROBERTS BRIAN L sold 304,109 shares worth $20.45M.

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: “How Can I Watch Netflix, Inc. on Comcast Corporation?” and published on November 04, 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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