Comcast Corporation (CMCSA) Receives Price Target

Comcast Corporation (CMCSA) : Currently there are 24 street experts covering Comcast Corporation (CMCSA) stock. The most bullish and bearish price target for the stock is $84 and $69 respectively for the short term. The average price target of all the analysts comes to $74.88. The estimated standard deviation from the target is $4.32.

Comcast Corporation (CMCSA) : The consensus on Comcast Corporation (CMCSA) based on 23 analyst recommendation on the company stock is 1.33, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 18 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Equity analysts at the Brokerage firm Argus Research maintains its rating on Comcast Corporation (NASDAQ:CMCSA). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Argus Research 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 (NASDAQ:CMCSA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.60 and $65.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.89, notching a gain of 0.97% for the day. The total traded volume was 8,862,554 . The stock had closed at $65.26 on the previous day.

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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