Comcast Corp (NASDAQ:CMCSA) close to 52-week high, short interest dropping

Comcast Corp (NASDAQ:CMCSA) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $57.57, up by 0.59%, with a volume of 15,296,617 shares against an average volume for the last 3 months of 16,722,900.

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Comcast Corp (NASDAQ:CMCSA) is currently trading 5.39% below its 52-week-high, 16.7% above its 52-week-low. The 1-year range for the stock is $49.33 – $60.85. Comcast Corp (CMCSA) has a price to earnings ratio of 17.44 versus Services sector average of 19.34. CMCSA stock price has underperformed the Nasdaq by 6.5%. The Cable & Satellite TV company is currently valued at $144.7 billion and its share price closed the last trading session at $57.57. The stock has a 50-day moving average of $58.26 and a 200-day moving average of $57.2.

Comcast Corp (CMCSA) current short interest stands at 78.62 million shares. It has decreased by 11% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 15.39 million shares, the number of days required to cover the short positions stand at 5.2 days.

CMCSA reported last quarter earnings on May 04. The Cable & Satellite TV company announced earnings per share of $0.79 against a consensus Street estimate of $0.74, beating the average estimate by $0.05. This corresponds to an increase of $0.06 compared to the same quarter of the previous fiscal year.

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There are currently twenty-eight analysts that cover CMCSA stock. Of those twenty-eight, twenty-three have a Buy rating, five have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $66.75.

A recent analyst activity consisted of Credit Suisse who resumed their coverage on the stock with Overweight rating on May 20. Credit Suisse fixed their price target at $68. This corresponds to a 18.12% upside from the last closing price. On the date of report, the stock closed at $57.23.

Barclays resumed their coverage on the stock with Overweight rating on the same day, and fixed their price target at $68. This corresponds to a 18.12% upside from the last closing price. On the date of report, the stock closed at $57.23.

Another research firm was Jefferies who reiterated their Buy stance on April 27. Jefferies decreased price target from $71 to $67. This translates to a 16.38% upside from the last closing price. On the date of report, the stock closed at $58.88.

Company profile

Comcast Corporation provides media and television broadcasting services. The Company offers video streaming, television programming, high-speed internet, cable television, and communication services. Comcast serves customers worldwide.

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