Will Comcast Continue to Trade Near Highs for the Year? | Wall St …

Will Comcast Continue to Trade Near Highs for the Year? | Wall St …

With shares of Comcast (NASDAQ:CMCSA) trading around $47, is CMCSA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

T = Trends for a Stock’s Movement

Comcast is a provider of entertainment, information, and communications products and services. The company operates in five segments: cable communications, cable networks, broadcast television, filmed entertainment, and theme parks. Comcast offers television, video, high-speed Internet, and voice services to residential and business customers. It also operates NBC and Telemundo broadcast networks; provides filmed entertainment under the Universal Pictures, Focus Features, and Illumination names; and operates theme parks, studios, and a dining, retail, and entertainment complex.

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Comcast will be bringing more than 35 channels, as well as its digital library of on-demand products, to mobile devices via Wi-Fi. The use of streaming, intended for customers of the cable company, is a departure from Comcast’s previous policies, which restricted the amount of content that could be accessed from devices other than televisions. The decision to include online viewings of shows by some ratings agencies almost certainly factored into the company’s decision.

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Will Comcast Continue to Trade Near Highs for the Year? | Wall St …

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