Short Term Price Target on Comcast Corporation (CMCSA)

Comcast Corporation (NASDAQ:CMCSA) : The highest level Comcast Corporation (NASDAQ: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.

Shares of Comcast Corporation rose by 3.56% in the last five trading days and 2.29% for the last 4 weeks. Comcast Corporation is up 5.84% in the last 3-month period. Year-to-Date the stock performance stands at 16.56%. Also, Goldman Sachs maintains their rating on the shares of Comcast Corporation (NASDAQ:CMCSA). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $70 per share from $69 per share. The rating by the firm was issued on May 4, 2016.

Comcast Corporation (NASDAQ:CMCSA) : Zacks Investment Research ranks Comcast Corporation (NASDAQ:CMCSA) as 3, which is a Hold recommendation. 18 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 23 research analysts is 1.33, which indicates as a Strong Buy.

Comcast Corporation (NASDAQ:CMCSA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.25 and $64.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.19, notching a gain of 1.95% for the day. The total traded volume was 14,670,511 . The stock had closed at $63.94 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Bacon Kenneth J, director of Comcast Corp, had unloaded 2,500 shares at an average price of $62.82 in a transaction dated on June 16, 2016. The total value of the transaction was worth $157,050.

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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