Comcast Corp. Sets New 1-Year High at $53.20 (CMCSA)
Shares of Comcast Corp. (NASDAQ:CMCSA) hit a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $53.20 and last traded at $52.58, with a volume of 13,113,352 shares trading hands. The stock had previously closed at $51.02.
CMCSA has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Comcast Corp. in a research note to investors on Tuesday, December 24th. Separately, analysts at Buckingham Research initiated coverage on shares of Comcast Corp. in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of Comcast Corp. in a research note to investors on Thursday, December 19th. They set a “buy” rating and a $60.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.66.
Comcast Corp. has a one year low of $37.21 and a one year high of $52.09. The stock has a 50-day moving average of $49.73 and a 200-day moving average of $45.72. The company has a market cap of $137.9 billion and a price-to-earnings ratio of 21.27. Comcast Corp. also saw some unusual options trading on Monday. Stock traders bought 83,400 call options on the stock. This is an increase of 341% compared to the typical daily volume of 18,931 call options.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.61 by $0.04. The company had revenue of $16.54 million for the quarter, compared to the consensus estimate of $16.26 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Comcast Corp. will post $2.50 earnings per share for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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