Stock Rating Downgrade
In the last week the Value Trend Rating for Comcast Corp (NASDAQ: CMCSA) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Comcast Corp (NASDAQ: CMCSA) stock rose modestly by 0.8% on 3/18/24. The stock closed at $43.12. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 1.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CMCSA is expected to continue to be a major Value Builder.
Comcast has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Comcast has a neutral Power Rating of 45 and a neutral Appreciation Score of 44, and the Negative Value Trend Rating results.
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