New Lifetime High Today: Comcast (CMCSK)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Comcast as such a stock due to the following factors:
- CMCSK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $122.3 million.
- CMCSK has traded 6,483 shares today.
- CMCSK is trading at a new lifetime high.
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More details on CMCSK:
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The stock currently has a dividend yield of 1.7%. CMCSK has a PE ratio of 20.9. Currently there is 1 analyst that rates Comcast a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Comcast has been 2.8 million shares per day over the past 30 days. Comcast has a market cap of $23.8 billion and is part of the services sector and media industry. The stock has a beta of 0.85 and a short float of 6.7% with 14.26 days to cover. Shares are up 3.3% year-to-date as of the close of trading on Tuesday.
Analysis:
rates Comcast as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- Despite its growing revenue, the company underperformed as compared with the industry average of 6.5%. Since the same quarter one year prior, revenues slightly increased by 4.8%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Media industry and the overall market, COMCAST CORP's return on equity exceeds that of both the industry average and the S&P 500.
- Net operating cash flow has significantly increased by 87.14% to $4,643.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 47.54%.
- You can view the full Comcast Ratings Report.
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