Comcast Corporation (CMCSA): Important Action Coming Up

Looking into the technicals, Comcast Corporation (NASDAQ:CMCSA) has scored 16% Buy indication. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the CMCSA’s short-term trajectory should know that short terms indicators for the stock averaged 40% Sell with an average daily trading volume over the past 20 days at 20258770 shares. CMCSA stock has overall a 0.25% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 23272773 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 21547420 shares, is 67% Buy on the basis of long term indicators.

The share price is currently staying around the first support level of $37.27. Below this, the next support is placed in the zone of $36.65. Till the time, the CMCSA stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 50.65 on daily chart, which may remain a cause for concern. If the price breaks below $36.65 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $38.21 mark may result into a pull-back move towards $38.53 level.

Comcast Corporation (CMCSA) is projected to climb by 15.71 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $55-month high price target. This represents a whopping 45.2 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $44, which represents a return potential of 16.16 percent when compared to the closing price of the stock of $37.88 on Thursday, December 06. The lowest price target for the stock is $38 — slightly more than 0.32 percent from CMCSA’s current share price.

Here’s a rundown of insider trading activity for sense of Comcast Corporation (NASDAQ:CMCSA). The earliest insider trade took place on 09/27/2018. Block Arthur R parted with a total of 6.45 thousand shares of company at average share price of $35.48. The total for the sales was set at $228.78 thousand. After this transaction, the EVP, GC and Secretary account balance stood at 60.54 thousand shares. The stock grew 6.76 percent since that insider sale. On 09/24/2018, Block Arthur R, EVP, GC and Secretary, sold 1.08 thousand shares at a price per share of $35.94. This removed 38.89 thousand shares from the insider’s fortune and the stock saw a 5.4 percent rally in value since the news became public. This transaction left 60.54 thousand shares in the EVP, GC and Secretary account. On 06/13/2018, SVP & Chief Accounting Officer Murdock Daniel C. performed a sale transaction worth $52.6 thousand. This sale at $31.05 each has eliminated 1.69 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 22 percent increase since the transaction was reported. The insider now is left with 0.73 thousand shares remaining in the account. Murdock Daniel C., who performs the SVP & Chief Accounting Officer job, sold 0.92 thousand shares for $30.41 thousand. The disposal occurred on 04/18/2018 was priced at $33.2 per share. The share price soared 14.1 percent since the reporting date. Murdock Daniel C. now left with a stake of 0.73 thousand CMCSA stock worth $27.46 thousand after the insider selling.

CMCSA shares accumulated 0.19 points or 0.5 percent on Thursday to $37.88 with a heavy trade volume of 26.412 million shares. After opening the session at $37.31, the shares went as high as $37.92 and as low as $36.98, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $174 billion and now has 4.6 billion shares outstanding. Comcast Corporation (CMCSA) stock has lost -0.37 percent of market value in 21 trading days.

Analysts at Barclays, assumed coverage of Comcast Corporation (NASDAQ:CMCSA) with Overweight recommendation, according to their opinion released on November 13. Analysts at Credit Suisse issued an upgrade from Neutral to Outperform for the stock, in a research note that dated back to October 26.

CMCSA stock has a trailing 3-year beta of 0.93, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.44 a share in the trailing twelve months. The stock’s value has fallen -5.42 percent year to date (YTD) against a decline of -4.15 percent in 12 month’s time. The company’s shares still trade -13.91 percent away from its 1-year high of $44.00 and 24.48 percent up from 52-week low of $30.43. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of Comcast Corporation (CMCSA) are trading at a P/E ratio of 18.77 times earnings reported for the past 12 months. The industry CMCSA operates in has an average P/E of 24.29. Its P/E ratio went as low as 16.13X and as high as 20.3 over the 5-year span. Further, it is sporting a 1.97 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.36. 69.1 percent is the gross profit margin for Comcast Corporation and operating margin sits at 21 percent. Along with this, the net profit margin is 27.3 percent.

CMCSA will be declaring its Q4 financial results on January 30. Analysts are forecasting revenue to climb 26.2 percent to $27.7B in the next fiscal quarter, while earnings are seen soaring by nearly 28.57 percent to $0.63 per share. History has shown that shares in Comcast Corporation have gone up on 27 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.65 per share, better than the $0.61, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $22.1B, better than the $21.8B analysts expected. Earnings are estimated to increase by 17.6 percent this year, 9.63 percent next year and continue to increase by 18.4 percent annually for the next 5 years.