Comcast stock: buy or sell
Updated on:
Apr 22nd, 2021
2
Comcast stock brief
- Comcast closed on Wednesday at $54.66 after barely moving a 0.92%.
- The stock is configuring an uptrend pattern since last January, when it bottomed at $47.93. This rally marked a 14.04% gain
- Comcast Corporation operates as a media and technology company worldwide.
Should I buy Comcast stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $CMCSA stock a buy?
Currently, Comcast stock matches one trading strategy:
Uptrend buy setup
Comcast stock is in an uptrend since last January that so far has marked an amazing 14.00% gain. Price marked a pull back in this uptrend at $52.46 on April 9, and since then it bounced up a 4.19%. Now, it's only 6.70% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $58.32. If you decide to enter this trade, the suggested stop loss is at $52.49
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $58.32 | $52.49 | 10.00% |
Should I sell Comcast stock?
How to know when is it time to sell Comcast stock?. Trading strategies let us to avoid impetuous decisions based on our personal feelings or the noise surrounding the market. When selling, as well as buying, our setups are very easy to follow and are only applicable for selling shares you already own, not for selling short $CMCSA stock
A guiding principle is that you must never mantain an open trade that produces higher than expected losses at the time of the buy. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Comcast stock?
Currently, Comcast stock doesn't match any of our preferred sell setups, so if you hold Comcast shares and your operation is in profit probably is not time to sell now
Comcast ratings
In the last 30 days, 5 brokerage ratings were published for Comcast. General sentiment is bullish, with 3 out of 5 publishing optimistic forecasts
| Brokerage firm | Rating |
|---|---|
| Mar 24th, 2021 | |
| Credit Suisse Group | Buy |
| Mar 26th, 2021 | |
| TD Securities | |
| Apr 9th, 2021 | |
| Citigroup | Neutral |
| Apr 12th, 2021 | |
| Pivotal Research | |
| Apr 16th, 2021 | |
| Raymond James | |
Comcast stock analysis
Comcast stock started an uptrend last January, and grew an amazing 14.04%. The price line shows rising highs and lows, and along the way gave very few entry points for those who wanted to trade in. Latest low was on April 9, when price bounced at $52.46. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $58.32 and $52.46
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 51.72. Comcast stock collapsed a 5.40% since then
Comcast stock price history
Comcast IPO was on Mar 17th, 1980 at $0.00 per share1. Since then, CMCSA stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on the IPO would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Comcast stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.
The following table shows the price predictions posted by financial institutions over the last 30 days. Again, these predictions are not direct recommendations for small investors and should not be followed blindly.
There are 5 price predictions issued for Comcast that average $64.60. That is a 18.19% than the last price ($54.66).
| Brokerage firm | Price target |
|---|---|
| Mar 24th, 2021 | |
| Credit Suisse Group | $61.00 → $67.00 |
| Mar 26th, 2021 | |
| TD Securities | $59.00 → $68.00 |
| Apr 9th, 2021 | |
| Citigroup | $59.00 → $62.00 |
| Apr 12th, 2021 | |
| Pivotal Research | $63.00 → $65.00 |
| Apr 16th, 2021 | |
| Raymond James | $61.00 |
Earnings and financials
Shareholders event was hosted by Comcast ($CMCSA) last January after posting the financial report. Comcast posted earnings of $0.56 per share on revenue of $27.7 billion. The consensus earnings estimate was $0.48 per share on revenue of $26.8 billion.
In comparing, the EPS for the same quarter last year was $0.79, so posted EPS is a drop of -29.11%. Looking at revenue, figures merely changed compared to $284.0B same quarter a year ago.Comcast ($CMCSA) is hosting the earnings call on Thursday next week. Expected for this quarter is $0.58, compared to $0.56 that was reported for Q4.
Comcast competitors
Comcast is part of the Entertainment industry, where it has industry peers.
Comcast most relevant competitors are:
| Company | Market cap | Rating | Bullish ratings1 |
|---|---|---|---|
| Comcast ($CMCSA) | $254.0B | Buy | 3 |
| Disney ($DIS) | $354.1B | | 3 |
| Rogers Communication (RCI) | $24.1B | Neutral | 0 |
| DISH Network ($DISH) | $18.8B | Neutral | 0 |
| Lumen Technologies (LUMN) | $15.2B | Neutral | 0 |
| Shaw Communications (SJR) | $9.7B | Neutral | 0 |
1 In the last 30 days.
Comcast performance
To better understand Comcast stock performance you must compare its gains with other related stocks in same sector or industry.. For Comcast, the benchmark is made against Disney, Rogers Communication, DISH Network, Lumen Technologies and Shaw Communications.
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Comcast ($CMCSA) | -2.70% | 13.20% | 23.60% |
| Disney ($DIS) | -5.40% | 4.30% | 43.50% |
| Rogers Communication (RCI) | -0.20% | 2.70% | 19.40% |
| DISH Network ($DISH) | -1.00% | 12.10% | 33.20% |
| Lumen Technologies (LUMN) | -9.40% | 15.10% | 33.30% |
| Shaw Communications (SJR) | 5.60% | 58.70% | 61.60% |
Important note:
The comments expressed in this article are personal and not recommendations for you to buy or sell shares. The author of this document does not have an understanding of the specific conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for informational reasons onlyComcast summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $54.01 |
| Close | $54.66 |
| Day range | $53.77 - $54.77 |
| Previous close | $54.16 |
| Session gain | 0.92% |
| Average true range | $1.15 |
| 50d mov avg | $54.37 |
| 100d mov avg | $52.31 |
| 200d mov avg | $48.12 |
| Earnings date | April 29th, 2021 |