Comcast Corporation [NASDAQ: CMCSA] closed the trading session at $41.63 on 06/10/22. The day’s price range saw the stock hit a low of $41.52, while the highest price level was $42.015. The company report on June 9, 2022 that COMCAST NAMES CONOR MC CARTHY DIRECTOR OF GOVERNMENT AND REGULATORY AFFAIRS IN WASHINGTON.
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Former Tacoma City Council Member and Lawyer Brings More Than 17 Years’ Experience to Comcast.
The stocks have a year to date performance of -17.29 percent and weekly performance of -3.03 percent. The stock has been moved at -12.93 percent over the last six months. The stock has performed 4.49 percent around the most recent 30 days and changed -7.53 percent over the most recent 3-months.
If compared to the average trading volume of 22.58M shares, CMCSA reached to a volume of 21232161 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $54.75 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 2.20. 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.
Wolfe Research have made an estimate for Comcast Corporation shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on June 02, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $67 to $50. The new note on the price target was released on April 29, 2022, representing the official price target for Comcast Corporation stock. Previously, the target price had yet another raise to $51, while Rosenblatt analysts kept a Neutral rating on CMCSA stock.
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 1.57. The Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 1.96. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 12.71 with Quick ratio for the last quarter at 0.90.
CMCSA stock trade performance evaluation
Comcast Corporation [CMCSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.03. With this latest performance, CMCSA shares gained by 4.49% in over the last four-week period, additionally sinking by -12.93% over the last 6 months – not to mention a drop of -26.81% 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 40.06, with the RSI for the last a single of trading hit 35.33, and the three-weeks RSI is set at 41.60 for Comcast Corporation [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 43.90, while it was recorded at 42.31 for the last single week of trading, and 49.62 for the last 200 days.
Comcast Corporation [CMCSA]: An insightful look at the core fundamentals
Comcast Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.
Earnings per share (EPS) analysis for Comcast Corporation [CMCSA] stock
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 13.48%.
Comcast Corporation [CMCSA]: Insider Ownership positions
There are presently around $156,152 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 399,364,773, which is approximately 0.694% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 319,288,132 shares of the stock with an approximate value of $13.29 billion in CMCSA stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $8.45 billion in CMCSA stock with ownership of nearly -6.154% of the company’s market capitalization.
1,253 institutional holders increased their position in Comcast Corporation [NASDAQ:CMCSA] by around 121,404,332 shares. Additionally, 1,025 investors decreased positions by around 167,720,096 shares, while 254 investors held positions by with 3,461,818,952 shares. The mentioned changes placed institutional holdings at 3,750,943,380 shares, according to the latest SEC report filing. CMCSA stock had 122 new institutional investments in for a total of 8,463,435 shares, while 167 institutional investors sold positions of 33,802,923 shares during the same period.