Comcast stock: buy or sell
Updated on:
Jan 16th, 2021
1
Comcast stock brief
- Comcast stock went down -1.80% to close at $48.69 on the stock market on Friday.
- Comcast is presenting its earnings report next Thursday
- The price is currently under the lower Bollinger band, which often indicates a short-term rebound that you better not try to trade
- Macquarie posted a neutral rating for Comcast on Thursday, targeting $58.00
- Comcast Corporation operates as a media and technology company worldwide.
Should I buy Comcast stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
In the current situation of Comcast there is not any eligible buy setup. This doesn't mean we expect a selloff for $CMCSA in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Comcast stock?
When you are a novel trader and you own stock shares with some profit, it's really hard to decide the good moment to sell and get your profits. Trading strategies allow us to avoid impetuous decisions based on our personal emotions or the noise surrounding the market. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short $CMCSA stock
As a rule of thumb, you must never mantain a trade that leads to losses greater than those expected upon purchase. The timing 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 own Comcast stock and your operation is in profit probably is not time to sell now
Price lost SMA50 level
Comcast shares were above the 50-d simple moving average for a month and during this time gained 11.77%. However, that bullish trend may have come to an end, or show evidences of weakening, since the price dropped below the sma50 threshold on Thursday. For medium-term investors who have benefited from the stock while the price was over the average, this flag should be a wake-up call and a reason to sell the shares and cash in on their returns
Comcast ratings
In the last 30 days, just one rating was published for Comcast
| Brokerage firm | Rating |
|---|---|
| Jan 14th, 2021 | |
| Macquarie | Neutral |
Comcast stock analysis
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Price readings above or below the Bollinger Bands mean that the price has has trended strongly to extreme upward or downward values. At this point, the price is below the upper band, meaning a possible near-term rebound (at least) until it is back above the band
Relative strength index
The RSI dropped below the overbought level of 70 last November after just crossing to the overbough zone for just one day (weak signal). The RSI value on Friday was 39.92. Comcast stock collapsed a 5.47% since RSI lost the overbought zone
Comcast stock price history
Comcast went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, CMCSA stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in Comcast stock at that time, it would worth $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Comcast stock
Nobody knows how much a share will be priced in the future. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price target published by financial institutions in the last month. Again, these forecasts are not direct recommendations for individual investors and should not be followed blindly.
There is just one price target available for Comcast that predicts a price of $58.00.
| Brokerage firm | Price target |
|---|---|
| Jan 14th, 2021 | |
| Macquarie | $53.00 → $58.00 |
Earnings and financials
Comcast ($CMCSA) is hosting the earnings call next Thursday. Analysts forecast of $0.48, that is a 26.15% less than previous quarter.
Comcast ($CMCSA) had the quarterly financial call and posted the report last October. Comcast presented earnings of $0.65 per share on sales of $25.5 billion. The consensus earnings estimate was $0.52 per share on revenue of $24.7 billion.
For comparison, the EPS for the same quarter last year was $0.79, so reported EPS is a loss of -17.72%. Sales merely changed on an annualized basis in the , from $268.3B to $255.3B last quarter.Comcast performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Comcast ($CMCSA) | -5.30% | 8.20% | 17.10% |
Important note:
The opinions published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the individual positions of the reader, his or her own financial statements 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 Viewpoints are expressed for educative reasons onlyComcast summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $49.21 |
| Close | $48.69 |
| Day range | $48.15 - $49.26 |
| Previous close | $49.58 |
| Session gain | -1.80% |
| Average true range | $1.56 |
| 50d mov avg | $49.90 |
| 100d mov avg | $47.16 |
| 200d mov avg | $43.18 |
| Earnings date | January 21st, 2021 |