Comcast Corporation [CMCSA] Is Currently 1.52 below its 200 Period Moving Avg: What Does This Mean?

Comcast Corporation [NASDAQ: CMCSA] traded at a high on 08/12/22, posting a 1.52 gain after which it closed the day’ session at $40.00. The company report on August 10, 2022 that Xfinity Mobile and Comcast Business Mobile Offer $450 Off the New Samsung Galaxy Z Flip4 and Galaxy Z Fold4.

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New and Current Customers Can Get This Exclusive Deal from August 10 – September 8.

Starting today and through September 8, new and existing Xfinity Mobile and Comcast Business Mobile customers can take $450 off a new Samsung Galaxy Z Flip4 and Galaxy Z Fold4. New customers must activate a new Xfinity Mobile line within 30 days of purchase, and existing customers can upgrade one of their existing lines to receive the deal.

The results of the trading session contributed to over 16910865 shares changing hands. Over the past one week, the price volatility of Comcast Corporation stands at 1.86% while the volatility over the past one month is 2.36%.

The market cap for CMCSA stock reached $173.88 billion, with 4.46 billion shares outstanding and 4.37 billion shares in the current float. Compared to the average trading volume of 22.96M shares, CMCSA reached a trading volume of 16910865 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $48.38 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 2.30. 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.

Redburn have made an estimate for Comcast Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 05, 2022. While these analysts kept the previous recommendation, Barclays dropped their target price from $48 to $42. The new note on the price target was released on August 01, 2022, representing the official price target for Comcast Corporation stock. Previously, the target price had yet another raise to $39, while Wolfe Research analysts kept a Underperform rating on CMCSA stock. On July 29, 2022, analysts decreased their price target for CMCSA shares from 40 to 33.

The Average True Range (ATR) for Comcast Corporation is set at 1.08, with the Price to Sales ratio for CMCSA stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 1.95, with the Price to Cash per share for the same quarter was set at 1.57. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 13.12 with Quick ratio for the last quarter at 0.90.

How has CMCSA stock performed recently?

Comcast Corporation [CMCSA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.52. With this latest performance, CMCSA shares gained by 1.06% in over the last four-week period, additionally sinking by -18.23% over the last 6 months – not to mention a drop of -32.24% 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 51.74, with the RSI for the last a single of trading hit 55.69, and the three-weeks RSI is set at 49.73 for Comcast Corporation [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 40.16, while it was recorded at 39.02 for the last single week of trading, and 45.98 for the last 200 days.

Comcast Corporation [CMCSA]: Deeper insight into the 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 0.90 and a Current Ratio set at 0.90.

Earnings analysis for Comcast Corporation [CMCSA]

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 10.15%.

Insider trade positions for Comcast Corporation [CMCSA]

There are presently around $150,594 million, or 86.40% of CMCSA stock, in the hands of institutional investors. The top three institutional holders of CMCSA stocks are: VANGUARD GROUP INC with ownership of 402,080,815, which is approximately 0.68% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 320,503,107 shares of the stock with an approximate value of $12.82 billion in CMCSA stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $8.12 billion in CMCSA stock with ownership of nearly -6.154% of the company’s market capitalization.

Positions in Comcast Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 1,170 institutional holders increased their position in Comcast Corporation [NASDAQ:CMCSA] by around 131,390,551 shares. Additionally, 1,030 investors decreased positions by around 142,020,374 shares, while 263 investors held positions by with 3,491,436,708 shares. The mentioned changes placed institutional holdings at 3,764,847,633 shares, according to the latest SEC report filing. CMCSA stock had 112 new institutional investments in for a total of 9,619,707 shares, while 170 institutional investors sold positions of 20,788,578 shares during the same period.


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