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Comcast Corporation (NASDAQ: CMCSA) Is A Buzzing Hot Stock

Comcast Corporation (NASDAQ:CMCSA) traded at $33.84 at close of the session on Tuesday, 09/20/22, made a downward move of -1.80% on its previous day’s price.

Looking at the stock we see that its previous close was $34.46 and the beta (5Y monthly) reads 0.99 with the day’s price range being $33.60 – $34.23. The company has a trailing 12-month PE ratio of 11.04. In terms of its 52-week price range, CMCSA has a high of $57.96 and a low of $33.41. The company’s stock has lost about -12.51% over that past 30 days.

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Comcast Corporation has a market cap of $147.09 billion and is expected to release its quarterly earnings report on Apr 27, 2022 – May 02, 2022. With its Forward Dividend at 1.08 and a yield of 3.19%, the company’s investors could be anxious for the CMCSA stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.93, with the EPS growth for the year raised at $3.59 for 2022 and $3.97 for next year. These figures represent 11.10% and 10.60% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $30.07 billion, with a low of $29.01 billion and a high of $32.71 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $122.06 billion, or 4.90% up from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CMCSA stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 35 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 13 have rated the Comcast Corporation (CMCSA) stock as a Hold, while 17 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the CMCSA stock currently stands at 1.09, and the current price level is -5.12% off its SMA20 and -11.42% from its 50-day simple moving average. The RSI (14) is pointing at 37.32 while the volatility over the past week is 2.44% and jumps to 2.59% over the past one month. The beta value is 0.92, while the average true range (ATR) is currently pointing at 0.97. The average price target for the stock over the next 12 months is $47.37, with the estimates having a low of $33.00 and a high of $70.00. These price ends are 2.48% and -106.86% off the current price level respectively, although investors could be excited at the prospect of a -34.46% if the CMCSA share price touches on the median price of $45.50.

Let’s briefly compare Comcast Corporation (CMCSA) stock to its peers. We find that current price change of -1.80% and -40.10% over the past 12 months for CMCSA competes that of Netflix Inc. (NFLX), which has seen its stock price fall -0.32% in the last trading session and was -57.80% over the last one year. Another of its peers The Walt Disney Company (DIS) has dropped -1.47% previous session, and was -39.77% down over the past year, while Charter Communications Inc. (CHTR) was also down -2.47% in the last session, while its price remained in the red at -51.99% over the same period. Comcast Corporation has a P/E ratio of 11.04 compared to Netflix Inc.’s 22.73 and The Walt Disney Company’s 61.57. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.

Coming back to Comcast Corporation (NASDAQ:CMCSA), we note that the average 3-month trading volume was 23.76 million, while that of the preceding 10-day period stands at 32.94 million. Current shares outstanding are 4.46 billion.

The insiders hold 0.10% of the company’s shares while institutions hold 85.50%. The data shows that short shares as of Jul 14, 2022, stood at 68.07 million at a short ratio of 2.91. This represents a 1.52% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 75.15 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -32.76% down in year-to-date price movement.

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