Comcast (CMCSA) Stock Trades at All-Time High on ‘Secret Life of Pets’

Comcast (CMCSA) stock is jumping today as ‘The Secret Life of Pets’ opens in theaters.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Comcast (CMCSA) - Get Report  are up 0.66% to $66.70 this morning as its film company Universal Pictures has released animated film "The Secret Life of Pets" in theaters.

Shares of Comcast are up more than 18% this year, and reached an all-time high of $66.92 per share this morning.

"Pets" made $5.3 million in early Thursday showings, MarketWatch reports.

Analysts speculate that the film will take over the top box office spot this weekend, dethroning Disney's (DIS) "Finding Dory," which has held the top spot for three weeks since its open in June.

Comcast's new animated film is expected to earn $79 million this weekend, and is outselling presales for Disney's "Zootopia," out earlier this year. "Zootopia" brought in $1 billion in worldwide sales.

"Finding Dory" has made $563.8 million worldwide to date.

(Comcast is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holdings with a free trial.)

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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