Brokerage Firm Rating Update on Comcast Corporation (CMCSA)

Comcast Corporation (CMCSA) : 23 analysts are covering Comcast Corporation (CMCSA) and their average rating on the stock is 1.33, which is read as a Strong Buy. 18 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Comcast Corporation (CMCSA) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Comcast Corporation (CMCSA) stock is expected to deviate a maximum of $4.32 from the average target price of $74.88 for the short term period. 24 Street Experts have initiated coverage on the stock with the most promising target being $84 and the most muted being $69.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Argus Research, maintains their rating on the shares of Comcast Corporation (NASDAQ:CMCSA). Argus Research has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $81 per share from a prior target of $72. The rating by the firm was issued on August 8, 2016.

Comcast Corporation (NASDAQ:CMCSA): The stock opened at $66.12 and touched an intraday high of $66.45 on Wednesday. During the day, the stock corrected to an intraday low of $66.01, however, the bulls stepped in and pushed the price higher to close in the green at $66.35 with a gain of 0.02% for the day. The total traded volume for the day was 7,126,716. The stock had closed at $66.34 in the previous trading session.

Comcast Corporation is a media and technology company. The Company has two primary businesses, Comcast Cable and NBCUniversal. The Companys business line comprises five segments: Cable Communications; Cable Networks; Broadcast Television; Filmed Entertainment, and Theme Parks. Cable Communications consists of the operations of Comcast Cable, a provider of video, high-speed Internet and voice services under the XFINITY brand. Cable Networks consists primarily of its national cable networks, regional sports and news networks, international cable networks, and its cable television production operations. Broadcast Television consists primarily of the NBC and Telemundo broadcast networks. Filmed Entertainment consists primarily of the studio operations of Universal Pictures. Theme Parks consists primarily of its Universal theme parks. The Companys other business interests consist of Comcast-Spectacor and the Wells Fargo Center arena.

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