Comcast Corp [CMCSA] Revenue clocked in at $123.07 billion, down -0.66% YTD: What’s Next?

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Comcast Corp [NASDAQ: CMCSA] slipped around -0.11 points on Friday, while shares priced at $43.56 at the close of the session, down -0.25%.

Compared to the average trading volume of 17.53M shares, CMCSA reached a trading volume of 24717593 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Comcast Corp [CMCSA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMCSA shares is $47.88 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 2.03. 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.

Pivotal Research Group have made an estimate for Comcast Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 24, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on June 25, 2024, representing the official price target for Comcast Corp stock.

The Average True Range (ATR) for Comcast Corp is set at 0.99, with the Price to Sales ratio for CMCSA stock in the period of the last 12 months amounting to 1.37. 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 2.28. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 12.08 with Quick ratio for the last quarter at 0.72.

How has CMCSA stock performed recently?

Comcast Corp [CMCSA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.56. With this latest performance, CMCSA shares gained by 6.74% in over the last four-week period, additionally plugging by 12.59% over the last 6 months – not to mention a rise of 4.16% 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 68.17, with the RSI for the last a single of trading hit 73.65, and the three-weeks RSI is set at 64.64 for Comcast Corp [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 40.81, while it was recorded at 42.68 for the last single week of trading, and 40.54 for the last 200 days.

Comcast Corp [CMCSA]: Deeper insight into the fundamentals

Comcast Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.72 and a Current Ratio set at 0.72.

Earnings analysis for Comcast Corp [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 Corp go to 7.88%.

Insider trade positions for Comcast Corp [CMCSA]

There are presently around $88.70%, or 89.35%% of CMCSA stock, in the hands of institutional investors. The top three institutional holders of CMCSA stocks are: VANGUARD GROUP INC with ownership of 372.37 million shares, which is approximately 9.4057%. BLACKROCK INC., holding 321.14 million shares of the stock with an approximate value of $$12.58 billion in CMCSA stocks shares; and BLACKROCK INC., currently with $$6.52 billion in CMCSA stock with ownership which is approximately 4.2071%.

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