Comcast Reaches New 52-Week High (CMCSA)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Wednesday as it is currently trading at $27.24, above its previous 52-week high of $27.18 with 8.8 million shares traded as of 3:10 p.m. ET. Average volume has been 16.4 million shares over the past 30 days.
Comcast has a market cap of $54.11 billion and is part of the
sector and
industry. Shares are up 14.3% year to date as of the close of trading on Tuesday.
Comcast Corporation, together with its subsidiaries, provides entertainment, information, and communications products and services in the United States and internationally. The company has a P/E ratio of 19.5, above the average media industry P/E ratio of 18.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Comcast as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
.
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