Comcast Corporation (CMCSA) : The consensus price target for Comcast Corporation (CMCSA) is $71.33 for the short term with a standard deviation of $4.48. The most optimist securities analyst among the 24 who monitor the stock believes that the stock can reach $84, however, the pessimist price target for the company is $61.
Comcast Corporation (CMCSA) has witnessed a drop of 4.1% or 1,182,219 shares in its short figure. The short interest diminution took it from 28,672,145 on June 15,2016 to 27,489,926 on June 30,2016. In terms of floated shares, the short interest was calculated to be 1.1%. The days to cover are 3 given that the daily volume averaged 10,809,492 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Major Brokerage house, Goldman Sachs maintains its ratings on Comcast Corporation (NASDAQ:CMCSA). In the latest research report, Goldman Sachs raises the target price from $69 per share to $70 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. 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 $67.26, the bulls momentum made the stock top out at $67.37 level for the day. The stock recorded a low of $66.89 and closed the trading day at $67.02, in the green by 0.28%. The total traded volume for the day was 7,470,903. The stock had closed at $66.83 in the previous days trading.
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.