Comcast Corporation [CMCSA] Stock trading around $45.38 per share: What’s Next?


Comcast Corporation [NASDAQ: CMCSA] price plunged by -3.32 percent to reach at -$1.56. The company report on April 20, 2022 that Chardan Acts as M&A and Lead Financial Advisor in Neos sale to Sky.

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Chardan, a global investment bank, has announced its role as lead financial advisor in the sale of Neos, a provider of smart home technology, from Aviva plc (AV.LN) to Sky. Sky is Europe’s leading media and entertainment company and part of Comcast Corporation (NASDAQ: CMCSA), a global media and technology company. The transaction will provide Sky the opportunity to accelerate its connected home strategy.

“We are delighted to support the outstanding team at Neos in the sale of their company. Neos’ smart home technology fits well into Sky’s capabilities of delivering best-in-class content to its customers through connected solutions,” said Alex Weil, Chardan’s Co-head of FinTech Investment Banking.

A sum of 29977684 shares traded at recent session while its average daily volume was at 22.39M shares. Comcast Corporation shares reached a high of $47.00 and dropped to a low of $45.33 until finishing in the latest session at $45.38.

The one-year CMCSA stock forecast points to a potential upside of 24.37. The average equity rating for CMCSA stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Comcast Corporation [CMCSA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMCSA shares is $60.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMCSA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Rosenblatt have made an estimate for Comcast Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 19, 2022. The new note on the price target was released on March 01, 2022, representing the official price target for Comcast Corporation stock. Previously, the target price had yet another raise to $60, while RBC Capital Mkts analysts kept a Outperform rating on CMCSA stock. On December 15, 2021, analysts decreased their price target for CMCSA shares from 60 to 53.

The Average True Range (ATR) for Comcast Corporation is set at 1.02, with the Price to Sales ratio for CMCSA stock in the period of the last 12 months amounting to 1.85. The Price to Book ratio for the last quarter was 2.15, with the Price to Cash per share for the same quarter was set at 1.84. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 13.92 with Quick ratio for the last quarter at 0.80.

CMCSA Stock Performance Analysis:

Comcast Corporation [CMCSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.62. With this latest performance, CMCSA shares dropped by -2.45% in over the last four-week period, additionally sinking by -16.01% over the last 6 months – not to mention a drop of -16.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CMCSA stock in for the last two-week period is set at 38.19, with the RSI for the last a single of trading hit 33.15, and the three-weeks RSI is set at 40.89 for Comcast Corporation [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 46.94, while it was recorded at 46.94 for the last single week of trading, and 52.37 for the last 200 days.

Insight into Comcast Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Comcast Corporation [CMCSA] shares currently have an operating margin of +17.89 and a Gross Margin at +55.10. Comcast Corporation’s Net Margin is presently recorded at +12.17.

Return on Equity for this stock inclined to 15.19, with Return on Assets sitting at 5.15.

Comcast Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CMCSA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Comcast Corporation go to 13.38%.

Comcast Corporation [CMCSA] Insider Position Details

There are presently around $172,362 million, or 85.20% of CMCSA stock, in the hands of institutional investors. The top three institutional holders of CMCSA stocks are: VANGUARD GROUP INC with ownership of 396,613,344, which is approximately 0.311% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 312,385,608 shares of the stock with an approximate value of $14.18 billion in CMCSA stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $9.82 billion in CMCSA stock with ownership of nearly -1.421% of the company’s market capitalization.

Positions in Comcast Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,286 institutional holders increased their position in Comcast Corporation [NASDAQ:CMCSA] by around 157,148,230 shares. Additionally, 1,020 investors decreased positions by around 198,029,358 shares, while 231 investors held positions by with 3,443,011,586 shares. The mentioned changes placed institutional holdings at 3,798,189,174 shares, according to the latest SEC report filing. CMCSA stock had 249 new institutional investments in for a total of 36,385,164 shares, while 151 institutional investors sold positions of 28,149,854 shares during the same period.