Comcast (CMCSA) Stock Up Ahead of ‘The Secret Life of Pets’ Opening

Shares of Comcast (CMCSA) are rising as company-owned Universal Pictures’ movie ‘The Secret Life of Pets’ prepares for a domestic opening.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Comcast (CMCSA) - Get Report  stock is higher by 1.24% to $65.90 this afternoon as speculation grows that company's Universal Pictures film "The Secret Life of Pets" will take the top spot in box office ratings.

"The Secret Life of Pets" is estimated to make $79 million in its domestic opening weekend, MarketWatch reports.

Disney's (DIS) "Finding Dory" has topped the box office for the past three weeks since its open, making $563.8 million worldwide.

However, online movie ticket retailer Fandango announced that Universal's "Pets" is outselling presales for Disney's "Zootopia," released earlier this year, which then went on to earn $1 billion in worldwide sales.

Analysts expect that "The Secret Life of Pets" will take the number one spot from "Finding Dory."

(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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