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- 1 Comcast Corp. (CMCSA Stock) rallied 2.12% in a week and 19.78% YTD.
- 2 Universal Pictures, Comcast’s subsidiary, is coming up with the movie Oppenheimer on July 21, 2023.
Entertainment giant Comcast Corp.’s subsidiary Universal Pictures is releasing Oppenheimer next week, and CMCSA Stock gains 1.01%. The media conglomerate, formerly known as American Cable Systems, is the second largest broadcasting and cable television company in the world after AT&T. They own studios like Dreamworks and Universal Pictures, which is bringing in Christopher Nolan’s next epic, Oppenheimer.
Comcast Corp. (CMCSA Stock) – Financial Analysis
A media conglomerate rakes in colossal money when they produce/distribute movies or series that become hits, raking in massive amounts. Christopher Nolan is considered the best filmmaker of the generation and is known for classics like Inception, Dunkirk, The Dark Night trilogy, etc. His next heavily anticipated release is the biopic of renowned physicist and creator of atomic bonds, J. Robert Oppenheimer.
The movie’s pre-release buzz is excellent and is believed to be a blockbuster. If so, it can add a considerable share to Comcast Corp.’s revenue. In turn, causing the NASDAQ: CMCSA to break the 52-week high. Similarly, Paramount Global (NASDAQ: PARA) is bringing Tom Cruise’s next Mission Impossible, hoping it shall be a blockbuster.
Pinnacle Financial Partners Inc. raised stakes in Comcast Co. by 4.6% in Q1, 2023, by adding 24,989 shares to its portfolio, raising it to $21.34 Million. Jackson Creek Investment Advisor LLC also purchased new shares in Q4 2022 worth $412k. Foundations Investment Advisors LLC hiked its position by 8.4% in Q1, now worth $2.04 Million.
At press time, CMCSA Stock is trading at $41.85 with a jump of 1.01%. Previous close and open were at $41.43 and $41.74, respectively. The 52-week range is from $28.39 and $43.72, respectively. Experts presume that the price could soon create new highs. With an average volume of 18.47 Million shares, the market cap is $174.466 Billion.
The trailing twelve-month (ttm) price-to-earnings (P/E) ratio is 31.23, indicating the fair value of the stock. Also, the (ttm) earnings per share (EPS) is $1.34. Analysts have placed a 2.52 rating for moderate buy and estimated a price target at $45.38 with an upside of 8.4%.
The last earnings were reported on April 27, 2023, where the reported revenue of $29.691 Billion surpassed the expected value of $29.322 Billion by 1.25%. Also, CMCSA’s 12-month forward PE to Growth (PEG) ratio is 0.93, and the market values the NASDAQ: CMCSA fairly.
The profit margin swelled by 4.71%, and the (ttm) operating margin gained 18.90%. The (ttm) revenue is reported to be $120.11 Billion, the income per share (ttm) comes at $27.74, and the year-over-year (YoY) quarterly revenue growth fell by 4.30%. Total cash in hand at the end of the most recent quarter (mrq) is $5.54 Billion, and debt is $100.71 Billion.
Comcast Corp. (CMCSA Stock) – Candle Exploration
Since September 2022, NASDAQ: CMCSA has been trading along the ascending trendline. However, the EMA has been relatively flat during the period but is also going up. The current price is brushing the crucial resistance at $41.96. If this point is crossed, price action might break the supply zone to create new highs.
The RSI of 61.14 hints towards a slight drop, and if so, the price shall bounce off the trend line. If the price falls below the line, it would first test the EMA before entering the demand zone. Experts estimate that the price action would consolidate in a narrow range until the next momentum arrives.
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets & stocks comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
