Taking into account all relevant factors, Comcast Corporation (NASDAQ:CMCSA) scores 88% Buy on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for CMCSA averaged 100% Buy with an average daily trading volume over the past 20 days at 17766637 shares. Those using medium-term investment strategies, the shares have overall a 0.5% Buy signal while the 50-day average daily volume remained almost 19044564 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 17329119 shares, is signaling100% Buy for long term investors.
The stock is lingering around the initial support level of $46.01. After this, the following support is at the zone of $45.74. Up until the time the CMCSA stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 67.34 on the daily chart, and this may be a cause for concern. In case the price goes below $45.74 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $46.55 level may cause a pull-back move approaching $46.81 mark.
Comcast Corporation (CMCSA) is most likely going to rise 9.21 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $64 as 12-month high price target. This represents a whopping 37.04 percent increase from the current trading price of shares. The 52-week median price target given by the analysts is $51, which means a return possibility of 9.21 percent in comparison with the closing price of the stock of $46.7 in recent trading session. The lowest price set for the stock is $44 which is just above -5.78 percent from CMCSA share’s price at the end of session.
Let’s take a glimpse at some insider activity at Comcast Corporation (NASDAQ:CMCSA) and observe the pattern. The earliest insider trade happened on 12/16/2019. WATSON DAVID N parted with a total of 78.1 thousand shares of the firm at average share price of $43.67. The total amount for the sale was set at $3.41 million. On completing this exchange, the Sr. EVP account balance was 869.73 thousand shares. The stock grew 6 percent from that insider sale. On 12/16/2019, COHEN DAVID L, Sr. EVP, did a sale of 633.7 thousand shares at a price of $43.76 per share. This got rid of 27.73 million shares from the insider’s fortune and the stock experienced a 5.78 percent rally in price since the news became public. This exchange saw 1.03 million shares get out from the Sr. EVP account. On 10/29/2019, Director BONOVITZ SHELDON M recorded a sale transaction valued at $254.63 thousand. The sale at $45.47 a share has eliminated 5.6 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 1.8 percent increase since the transaction reporting date. The company insider is left with 156.33 thousand shares remaining in the account. ROBERTS BRIAN L, who works as Chairman of Board, Pres. & CEO at the company, performed a sale of 508.25 thousand shares in a transaction worth $22.86 million. The disposal recorded on 10/28/2019 was priced at $44.98 per share. The stock price soared 2.91 percent since the transaction. ROBERTS BRIAN L currently holds a stake of 25.07 million in CMCSA stock which is worth $1170.87 million after the insider selling.
In the recent trading session, Comcast Corporation (NASDAQ:CMCSA) shares gained 0.91% or 0.42 points to reach at $46.7 with a thin trading volume of 2.526 million shares. It opened the trading session at $46.06, the shares rose to $46.545 and dropped to $46.01, the range by which the price of stock traded the whole session. The company now has a market cap of $213 billion and currently has 4.6 billion outstanding shares. Comcast Corporation (CMCSA) stock has accumulated 6.2 percent of market value in 21 trading days.
Stock analysts at Bernstein, assumed coverage of shares of Comcast Corporation (NASDAQ:CMCSA) with Mkt Perform recommendation, according to their opinion released on October 16. Pivotal Research Group analysts again handed out a Buy rating to CMCSA shares but they lifted target price for the firm in a flash note to investors on September 26. The price target has been raised from $54 to the new $56. Pivotal Research Group, analysts launched coverage of CMCSA shares with a Buy recommendation, according to their flash note to investors on September 26.
CMCSA stock’s trailing 3-year beta is 1.03, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $2.7 share in the trailing 52 weeks. The stock’s value surged 2.91 percent year to date (YTD) compared to a rise of 29.17 percent in 52 week’s period. The firm’s shares are still trading -1.21 percent below its 1-year high of $47.27 and 34.7 percent up from 52-week low of $34.67. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Comcast Corporation (CMCSA) shares are trading at a P/E ratio of 16.69 times earnings posted in the trailing 12 months. The industry CMCSA deals with has an average P/E of 41.55. Its P/B ratio is standing at 2.59X compared to the 5.31 industry average. It is additionally sporting a 1.89 on the Price-to-Sales ratio, compared to the industry’s P/S average of 1.04. Comcast Corporation has a 68.3% gross profit margin, with its operating margin around 18.8%. Alongside this, the company’s net profit margin currently stands at 11.4%.
Past records have indicated that shares in Comcast Corporation rose on 30 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of CMCSA’s Q4 earnings on January 23. Analysts are predicting revenue to climb 1.2 percent to $28.2B in the financial fourth quarter, while EPS will soar by about 18.75 percent to $0.76 per share. In the last quarter, it’s earnings of $0.79 per share came better than the $0.74585, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $26.83B, topping the $26.77B analysts had expected. Earnings are seen to rise by 20.6 percent this year, 7.97 percent in the coming year and the trend continues by 8.61 percent every year in the next 5 years.