Comcast Stock Hits New 52-Week High (CMCSA)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Comcast (Nasdaq: CMCSA) hit a new 52-week high Wednesday as it is currently trading at $41.30, above its previous 52-week high of $40.28 with 8.7 million shares traded as of 9:35 a.m. ET. Average volume has been 11.7 million shares over the past 30 days.

Comcast has a market cap of $81.87 billion and is part of the services sector and media industry. Shares are up 3.4% year to date as of the close of trading on Tuesday.

Comcast Corporation provides entertainment, information, and communications products and services in the United States and internationally. The company's Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers. The company has a P/E ratio of 17.6, equal to the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates Comcast as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Comcast Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

A Sprint/T-Mobile Deal Still Faces Big Hurdles, Especially for Sprint

The Handmaid's Tale Emmy Win Is Really Big for Netflix

Disney Gets Bullish Report Aimed at Drowning Out Naysayers

You Are Forgetting This Commonsense Investing Wisdom

Hulu Threatens Landmark Networks With Prestigious Emmy Win