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Aug 01, 2021

Comcast (CMCSA,$58.83) crushed Q2 earnings expectations

Comcast posted second-quarter earnings that exceeded analysts’ expectations. The telecom giant also  reported a record-high figure for new broadband subscribers for the quarter.

The company’s adjusted earnings for the quarter came in at 84 cents, compared to the  67 cents expected by analysts polled by Refinitiv.

Revenue of $28.55 billion also beat the  $27.18 billion expected by analysts per the Refinitiv survey.

Comcast garnered 354,000 net new high-speed internet customers, vs. 270,000 net adds expected in a StreetAccount survey. The net adds were its highest ever for a second-quarter performance, according to the company.

Revenue from Comcast’s cable revenue business rose +10.9% year-over-year to $16 billion.

Media business increased +25.7% to $5.1 billion. NBCUniversal revenue increased +39.2% year-over-year to $8 billion.

Studios revenue increased +8.4% year-over-year to $2.2 billion.

Revenue from Theme parks was $1.1 billion, gaining $958 million.

Related Ticker: CMCSA

CMCSA's RSI Oscillator ascending out of oversold territory

The RSI Indicator for CMCSA moved out of oversold territory on February 09, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 28, 2024. You may want to consider a long position or call options on CMCSA as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CMCSA just turned positive on February 29, 2024. Looking at past instances where CMCSA's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CMCSA advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

CMCSA moved below its 50-day moving average on February 07, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CMCSA crossed bearishly below the 50-day moving average on February 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CMCSA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CMCSA broke above its upper Bollinger Band on February 29, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.055) is normal, around the industry mean (5.300). P/E Ratio (11.536) is within average values for comparable stocks, (107.811). Projected Growth (PEG Ratio) (0.698) is also within normal values, averaging (9.639). Dividend Yield (0.027) settles around the average of (0.085) among similar stocks. P/S Ratio (1.460) is also within normal values, averaging (71.084).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CMCSA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

Notable companies

The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 15.09B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 3%. TAPP experienced the highest price growth at 60%, while CRGE experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was 8% and the average quarterly volume growth was 61%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 60
Price Growth Rating: 52
SMR Rating: 67
Profit Risk Rating: 79
Seasonality Score: 19 (-100 ... +100)
Related Portfolios: TELECOMMUNICATION SECTOR
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of entertainment, information and communications products and services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Cable Or Satellite TV
Address
One Comcast Center
Phone
+1 215 286-1700
Employees
186000
Web
https://www.comcastcorporation.com
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CMCSA and

Correlation & Price change

A.I.dvisor indicates that over the last year, CMCSA has been loosely correlated with LBRDA. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if CMCSA jumps, then LBRDA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CMCSA
1D Price
Change %
CMCSA100%
+1.54%
LBRDA - CMCSA
63%
Loosely correlated
+1.21%
LBRDK - CMCSA
63%
Loosely correlated
+1.25%
CHTR - CMCSA
61%
Loosely correlated
+1.85%
CABO - CMCSA
53%
Loosely correlated
+2.99%
LBTYA - CMCSA
40%
Loosely correlated
-1.41%
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