Analyst Rating Update on Comcast Corporation (CMCSA)

Comcast Corporation (CMCSA) : 18 brokerage houses believe that Comcast Corporation (CMCSA) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Comcast Corporation (CMCSA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 23 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.33.

Comcast Corporation (CMCSA) : The most positive equity analysts on Comcast Corporation (CMCSA) expects the shares to touch $84, whereas, the least positive believes that the stock will trade at $67 in the short term. The company is covered by 24 Wall Street Brokerage Firms. The average price target for shares are $73.21 with an expected fluctuation of $4.19 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Pacific Crest maintains its rating on Comcast Corporation (NASDAQ:CMCSA).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Pacific Crest raises the new price target from $65 per share to $74 per share. The rating by the firm was issued on July 28, 2016.


Comcast Corporation (NASDAQ:CMCSA): The stock opened at $67.01 on Wednesday but the bulls could not build on the opening and the stock topped out at $67.29 for the day. The stock traded down to $66.42 during the day, due to lack of any buying support eventually closed down at $66.84 with a loss of -0.09% for the day. The stock had closed at $66.90 on the previous day. The total traded volume was 7,468,576 shares.

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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