The stock of Comcast Corporation (NASDAQ:CMCSA) reached all time high today, Nov, 29 and still has $72.80 target or 4.00% above today’s $70.00 share price. This indicates more upside for the $165.43B company. This technical setup was reported by Barchart.com. If the $72.80 PT is reached, the company will be worth $6.62 billion 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 10.52 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 earnings per share, up 11.11% or $0.09 from last year’s $0.81 per share. CMCSA’s profit will be $2.13 billion for 19.44 P/E if the $0.90 EPS becomes a reality. After $0.92 actual earnings per share 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 has “Buy” rating given by Nomura on Monday, June 27. SunTrust initiated the shares of CMCSA in a report on Wednesday, November 11 with “Neutral” rating. As per Thursday, December 17, the company rating was maintained by Pivotal Research. Macquarie Research maintained the stock with “Neutral” rating in Tuesday, September 29 report. The firm has “Buy” rating given on Wednesday, May 4 by Goldman Sachs. The rating was maintained by Pivotal Research on Thursday, July 23 with “Buy”. Credit Suisse maintained it with “Outperform” rating and $63 target price in Wednesday, January 6 report. RBC Capital Markets maintained it with “Outperform” rating and $66 target price in Monday, July 27 report. The rating was maintained by Wunderlich on Wednesday, September 16 with “Buy”. Macquarie Research upgraded Comcast Corporation (NASDAQ:CMCSA) on Monday, October 24 to “Outperform” rating.
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 Q2 2016. Its down 0.06, from 0.94 in 2016Q1. The ratio fall, 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.
Amica Pension Fund Board Of Trustees has 0.81% invested in the company for 94,814 shares. Scotia Cap holds 0.29% or 216,358 shares in its portfolio. State Of New Jersey Common Pension Fund D holds 2.10 million shares or 0.62% of its portfolio. The New York-based Adirondack Communication has invested 0.06% in Comcast Corporation (NASDAQ:CMCSA). Benjamin F Edwards & reported 3,397 shares or 0.04% of all its holdings. The Tennessee-based Livingston Asset Mngmt (Operating As Southport Management) has invested 0.63% in Comcast Corporation (NASDAQ:CMCSA). Agf Invests Inc owns 308,007 shares or 0.22% of their US portfolio. Capital Fund Sa, a France-based fund reported 29,830 shares. Winslow Asset Mgmt holds 2.76% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 188,989 shares. Veritas Inv (Uk) has 7.1% invested in the company for 234,895 shares. Twin Tree L P last reported 11,026 shares in the company. The Missouri-based Enterprise Financial Services Corporation has invested 0.09% in Comcast Corporation (NASDAQ:CMCSA). First Business Fin Inc accumulated 6,599 shares or 0.11% of the stock. Bremer Tru Association last reported 82,496 shares in the company. Carderock Cap Mngmt has 2.42% invested in the company for 70,223 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 8 insider sales for $26.27 million net activity. Smit Neil sold 29,475 shares worth $2.00M. BLOCK ARTHUR R also sold $67,257 worth of Comcast Corporation (NASDAQ:CMCSA) shares. The insider ROBERTS BRIAN L sold $20.45M. COHEN DAVID L sold $1.31M worth of stock or 20,100 shares. 245 Comcast Corporation (NASDAQ:CMCSA) shares with value of $15,394 were sold by RODIN JUDITH. $157,060 worth of shares 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: “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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