Price Target Update on Comcast Corporation (NASDAQ:CMCSA)

Comcast Corporation (NASDAQ:CMCSA) : Currently there are 23 street experts covering Comcast Corporation (NASDAQ:CMCSA) stock. The most bullish and bearish price target for the stock is $84 and $61 respectively for the short term. The average price target of all the analysts comes to $70.61. The estimated standard deviation from the target is $4.6.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Goldman Sachs maintains the rating on Comcast Corporation (NASDAQ:CMCSA). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $69 per share to $70 per share. The rating by the firm was issued on May 4, 2016.

Comcast Corporation (NASDAQ:CMCSA): stock turned positive on Thursday. Though the stock opened at $63.34, the bulls momentum made the stock top out at $63.47 level for the day. The stock recorded a low of $62.63 and closed the trading day at $62.95, in the green by 0.49%. The total traded volume for the day was 7,145,945. The stock had closed at $62.64 in the previous days trading.

The company shares have rallied 2.89% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $64.99 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $62.31 and the 200 Day Moving Average price is recorded at $59.39. On the companys insider trading activities,The director of Comcast Corp, Bacon Kenneth J sold 2,500 shares at $62.82 on June 16, 2016. The Insider selling transaction had a total value worth of $157,050. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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