Comcast Corporation (CMCSA) Stock Formed Bullish Double Top Pattern. What To Expect?

September 17, 2017 - By Maria Brooks

Investors sentiment increased to 0.96 in 2016 Q4. Its up 0.08, from 0.88 in 2016Q3. It increased, as 58 investors sold Comcast Corporation shares while 518 reduced holdings. 123 funds opened positions while 431 raised stakes. 1.89 billion shares or 0.35% more from 1.88 billion shares in 2016Q3 were reported.
Cap Research Glob Invsts accumulated 10.97 million shares. Reliance Tru Of Delaware reported 112,971 shares. Ridgeworth Cap Mngmt Ltd Limited Liability Company invested in 1.95 million shares or 1.14% of the stock. Profund Limited Liability Company has invested 0.65% in Comcast Corporation (NASDAQ:CMCSA). Moors And Cabot, a Massachusetts-based fund reported 16,407 shares. Da Davidson has invested 0.41% in Comcast Corporation (NASDAQ:CMCSA). Loomis Sayles & Lp reported 0.46% in Comcast Corporation (NASDAQ:CMCSA). Putnam Fl Inv Mngmt reported 2.03% stake. Lomas Cap Lc has invested 1.43% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Mercer Capital Advisers stated it has 1,325 shares. Investec Asset Management has invested 1.11% in Comcast Corporation (NASDAQ:CMCSA). Estabrook Cap reported 4,918 shares. Axiom Invsts Ltd Liability Corporation De invested in 685,429 shares. Wealthtrust Axiom Limited Liability Com owns 11,750 shares. First Foundation Advisors, California-based fund reported 348,973 shares.

Since March 20, 2017, it had 0 insider buys, and 5 selling transactions for $12.26 million activity. $738,584 worth of Comcast Corporation (NASDAQ:CMCSA) shares were sold by BLOCK ARTHUR R. 7,500 shares were sold by BACON KENNETH J, worth $303,713 on Thursday, May 25. BURKE STEPHEN B sold $10.07M worth of stock or 258,380 shares.

The chart of Comcast Corporation (CMCSA) shows a double top with $39.52 target or 7.00 % above today’s $36.93 share price. The 9 months chart pattern indicates low risk for the $174.06 billion company. It was reported on Sep, 17 by Finviz.com. If the $39.52 price target is reached, the company will be worth $12.18B more. Double tops are rare but powerful chart patterns.

The stock decreased 1.78% or $0.67 on September 15, reaching $36.93. About 62.37 million shares traded or 200.43% up from the average. Comcast Corporation (NASDAQ:CMCSA) has risen 28.96% since September 17, 2016 and is uptrending. It has outperformed by 12.26% the S&P500.

Investors wait Comcast Corporation (NASDAQ:CMCSA) to report on October, 25. its quarterly earnings Wall Street analysts expect $0.49 EPS, up $0.03 or 6.52 % from last year’s $0.46 same quarter earnings. This translates into $2.31 billion profit for CMCSA giving the stock a 18.84 P/E. This is assuming the current $0.49 EPS is accurate. Comcast Corporation’s Wall Street analysts see -5.77 % negative EPS growth, taking into account the $0.52 EPS reproted in the previous quarter,

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Among 26 analysts covering Comcast Corporation (NASDAQ:CMCSA), 22 have Buy rating, 1 Sell and 3 Hold. Therefore 85% are positive. Comcast Corporation had 58 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Neutral” rating given on Monday, January 4 by Macquarie Research. Wunderlich maintained the stock with “Buy” rating in Wednesday, September 16 report. The firm has “Outperform” rating by RBC Capital Markets given on Monday, July 27. The firm earned “Sell” rating on Wednesday, July 26 by Citigroup. The rating was maintained by RBC Capital Markets on Tuesday, January 31 with “Outperform”. HSBC initiated the stock with “Buy” rating in Thursday, January 19 report. The company was maintained on Wednesday, January 6 by Credit Suisse. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Buy” rating given on Wednesday, June 28 by Bank of America. The rating was maintained by Pivotal Research with “Buy” on Thursday, July 27. UBS maintained Comcast Corporation (NASDAQ:CMCSA) on Friday, July 24 with “Buy” rating.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Investorplace.com which released: “Here’s Why You Should Hold Comcast Corporation (CMCSA) Stock in Your Portfolio” on August 29, 2017, also Seekingalpha.com with their article: “Comcast Leads $25 Million Investment In KeyMe” published on September 15, 2017, Investorplace.com published: “Friday’s Vital Data: AT&T Inc. (T), Walt Disney Co. (DIS) and Comcast …” on September 08, 2017. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “The End Is Here: Cable’s Media Dominance” published on September 13, 2017 as well as Seekingalpha.com‘s news article titled: “Comcast also closing Florida Universal parks to let hurricane pass” with publication date: September 08, 2017.

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