Comcast (NASDAQ:CMCSA) shares snapped twelve consecutive sessions of losses on Thursday, as the stock closed 2.6% higher at $37.85.
The Philadelphia-based media giant lost about 7% over the previous 12 sessions. The stock has lost almost 16% so far this year, compared to the increase of more than 15% in the broader S&P 500 index.
CMCSA is down 5% in the last month. The stock closed 1.1% lower on Wednesday at $36.90.
As for Seeking Alpha's quantitative rating, CMCSA has a Buy rating with a score of 4.36 out of 5. The company received A+ on Profitability Outlook, while it earned a C- on Momentum, Reviews, and Growth Factor .
As for the Wall Street community, 15 analysts gave CMCSA a Buy or better. 13 analysts have given the stock a Hold recommendation and one recommended Sell.
Analysts at Seeking Alpha are also bullish and view the stock as a Buy.
Comcast reported results in April that beat analysts' estimates.
A recent Taking Alpha analysis noted that Comcast is likely to see continued strength in theme parks and its movie studios, while the NBC division could do well in 2024, due to election-year spending.
However, another Looking Alpha analyst, Max Greve, said: “Comcast is a curious combination of superior media performance, connectivity growth potential and massive tail risk in sports.”
Last month, Comcast chief Brian Roberts said the company is launching a new cable streaming package that will include Peacock, Netflix and Apple TV, at a “deeply discounted price for anything on the market today.”
