Comcast (CMCSA) Stock Gains After Record-Breaking Opening Weekend

Comcast (CMCSA) Universal Pictures film ‘Secret Life of Pets’ shattered box office expectations this weekend.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Comcast (CMCSA) - Get Report  are up 0.36% to $67.35 today after the company's film arm, Universal Pictures, released the new animated film "The Secret Life of Pets" to resounding success.

The movie's opening weekend brought in $103.2 million, according to studio estimates.

The open was the highest-ever in the U.S. and Canada for an original film - either animated or live action.

The record was previously held by Disney's (DIS) "Inside Out," which grossed $90.4 million in its opening weekend last June.

"Pets" is a breath of fresh air for Universal Pictures following a year of disappointing projects such as "Warcraft" and "Neighbors 2." The new animated film had a $75 million budget.

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Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of A+.

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels.

TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.

You can view the full analysis from the report here: CMCSA

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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