Comcast Corporation (CMCSA) Shares are Down -1.81%

Comcast Corporation (CMCSA) : During the past 4 weeks, traders have been relatively bearish on Comcast Corporation (CMCSA), hence the stock is down -2.11% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.78% relative to the S&P 500. The 4-week change in the price of the stock is -1.73% and the stock has fallen -1.81% in the past 1 week.

Comcast Corporation is up 7.79% in the last 3-month period. Year-to-Date the stock performance stands at 19.02%. The stock has recorded a 20-day Moving Average of 1.6% and the 50-Day Moving Average is 1.03%.


Comcast Corporation (NASDAQ:CMCSA): The stock opened at $67.16 on Friday but the bulls could not build on the opening and the stock topped out at $67.25 for the day. The stock traded down to $66.18 during the day, due to lack of any buying support eventually closed down at $66.29 with a loss of -1.66% for the day. The stock had closed at $67.41 on the previous day. The total traded volume was 12,830,255 shares.

Also, In the latest statement by the brokerage house, Argus Research maintains its outlook on Comcast Corporation (NASDAQ:CMCSA). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $72 per share to $81 per share. The rating by the firm was issued on August 8, 2016.

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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