Comcast Corporation (CMCSA) : Analyst Rating Update

Comcast Corporation (CMCSA) has an average broker rating of 1.33, which is interpreted as a Strong Buy, as rated by 23 equity analysts. Nonetheless, 18 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Comcast Corporation (CMCSA) : The highest level Comcast Corporation (CMCSA) is projected to reach is $84 for the short term and the lowest estimate is at $61. The consolidated price target from 24 rating analysts who initiate coverage on the stock is $70.88 and the possibility the share price can swing is $4.49.

Comcast Corporation (NASDAQ:CMCSA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.03 and $64.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.10, notching a gain of 0.14% for the day. The total traded volume was 10,737,863 . The stock had closed at $65.01 on the previous day.

Also, Goldman Sachs maintains its rating on Comcast Corporation (NASDAQ:CMCSA). The global brokerage major raises the current price target from $69 per share to $70 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The rating by the firm was issued on May 4, 2016. The company shares have rallied 5.38% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $65.43 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $62.79 and the 200 Day Moving Average price is recorded at $59.72.

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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