Comcast Corporation (CMCSA) : During the past 4 weeks, traders have been relatively bearish on Comcast Corporation (CMCSA), hence the stock is down -2.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.22% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.21% in the last 1 week, and is up 0.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Comcast Corporation (NASDAQ:CMCSA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.53 and $67.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.39, notching a gain of 0.31% for the day. The total traded volume was 6,914,311 . The stock had closed at $67.18 on the previous day.
The stock has recorded a 20-day Moving Average of 0.28% and the 50-Day Moving Average is 4.12%. Comcast Corporation is up 10.18% in the last 3-month period. Year-to-Date the stock performance stands at 21%.
Comcast Corporation (CMCSA) has been rated by 24 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $84 and the lowest price target forecast is $69. The average forecast of all the analysts is $73.88 and the expected standard deviation is $4.15.
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.