Today’s Price Action: How Analysts Feel About Comcast Corporation After Today’s Huge Increase?

Today's Price Action: How Analysts Feel About Comcast Corporation After Today's Huge Increase?

The stock of Comcast Corporation (NASDAQ:CMCSA) is a huge mover today! About 2.37M shares traded hands. Comcast Corporation (NASDAQ:CMCSA) has risen 10.51% since March 9, 2016 and is uptrending. It has outperformed by 3.10% the S&P500.
The move comes after 8 months positive chart setup for the $156.03 billion company. It was reported on Oct, 12 by Barchart.com. We have $102.20 PT which if reached, will make NASDAQ:CMCSA worth $87.38 billion more.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on October, 25. They expect $0.92 earnings per share, up 15.00% or $0.12 from last year’s $0.8 per share. CMCSA’s profit will be $2.19 billion for 17.80 P/E if the $0.92 EPS becomes a reality. After $0.83 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts 10.84% EPS growth.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Out of 15 analysts covering Comcast Corporation (NASDAQ:CMCSA), 11 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 73% are positive. Comcast Corporation has been the topic of 31 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, April 28. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Neutral” rating given on Monday, January 4 by Macquarie Research. Pivotal Research maintained the shares of CMCSA in a report on Thursday, July 23 with “Buy” rating. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Wunderlich on Wednesday, August 26. The firm earned “Outperform” rating on Thursday, February 4 by RBC Capital Markets. Wunderlich maintained it with “Buy” rating and $78.0 target price in Wednesday, September 16 report. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Wednesday, August 19 by Moffett Nathanson. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Neutral” rating by Macquarie Research on Tuesday, September 29. As per Wednesday, August 19, the company rating was upgraded by MoffettNathanson. On Friday, August 19 the stock rating was maintained by Telsey Advisory Group with “Outperform”.

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 0.94 in Q2 2016. Its down 0.07, from 1.01 in 2016Q1. The ratio turned 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.
Natixis Asset Mgmt, a France-based fund reported 15,735 shares. Moreover, Cambridge Trust has 0.05% invested in Comcast Corporation (NASDAQ:CMCSA) for 9,319 shares. Orinda Asset Management Limited Liability accumulated 0.16% or 2,305 shares. Moreover, Van Cleef Asset Managementinc has 0.14% invested in Comcast Corporation (NASDAQ:CMCSA) for 6,085 shares. Jnba Financial Advsrs has 0.01% invested in the company for 519 shares. Comml Bank Of Nova Scotia Trust Communication accumulated 0.64% or 75,507 shares. Moreover, Steinberg Asset Management has 0.07% invested in Comcast Corporation (NASDAQ:CMCSA) for 6,149 shares. First Fin Financial Bank Na has 26,471 shares for 0.33% of their US portfolio. Pinnacle Wealth Management Advisory Grp Llc has invested 0.19% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Wharton Business Grp Inc Lc has 3,308 shares for 0.03% of their US portfolio. Rockland has invested 2.1% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Gofen & Glossberg Ltd Il holds 1.84% or 674,704 shares in its portfolio. Beacon Fin Gru last reported 4,117 shares in the company. Group One Trading L P, a Illinois-based fund reported 11,646 shares. The Pennsylvania-based Pennsylvania Trust has invested 1.3% in Comcast Corporation (NASDAQ:CMCSA).

Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 10 selling transactions for $29.40 million net activity. $959,763 worth of shares were sold by Smit Neil on Wednesday, June 1. $4.65M worth of Comcast Corporation (NASDAQ:CMCSA) was sold by BURKE STEPHEN B. BACON KENNETH J sold $157,060 worth of stock or 2,500 shares. 1,023 shares were sold by BLOCK ARTHUR R, worth $67,257 on Friday, September 16. Another trade for 245 shares valued at $15,394 was sold by RODIN JUDITH. ROBERTS BRIAN L sold 304,109 shares worth $20.45M.

More important recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Investorplace.com which released: “Comcast Corporation Does Best Wells Fargo & Co. Impression, Gets Slapped on …” on October 11, 2016, also Moodys.com published article titled: “Moody’s says Hurricane Matthew’s potential impact is not expected to affect …”, Profitconfidential.com published: “Comcast Stock: Bears Are Way Off on Comcast Corporation” on September 21, 2016. More interesting news about Comcast Corporation (NASDAQ:CMCSA) was released by: Businesswire.com and their article: “Comcast Corporation to Acquire Ed Snider’s Stake in Comcast Spectacor” with publication date: September 22, 2016.

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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