Comcast Stock Up 1.7%, Eyes $28.50 Breakout
$Comcast(CMCSA)$ Gains +1.66%: Media Giant Tests Resistance at $27.35, Dividend Yield Attracts Value Play
Latest Close Data
CMCSA closed at $27.02 on December 3rd, up +1.66% (+$0.44), trading 55% above its 52-week low of $25.75 but still 37.8% below its 52-week high of $43.45.
Volume spiked 55% above average with 45.93M shares traded.
Core Market Drivers
Comcast shows resilience amid media sector headwinds, benefiting from its diversified revenue streams including broadband and theme parks.
The stock's attractive 4.81% dividend yield continues to draw income-focused investors.
Recent capital outflows totaling $259.47M over five days suggest institutional profit-taking near resistance levels.
Technical Analysis
RSI(6) jumped to 52.94 from oversold territory, indicating momentum recovery.
MACD showed improvement with DIF rising to -0.618 and positive histogram at 0.168, suggesting potential bullish divergence.
KDJ K-line surged to 31.19, breaking above the 20 threshold and confirming short-term upward momentum.
Key Price Levels
Primary Support: $26.55 (December 1st low)
Strong Resistance: $27.35 (immediate technical barrier)
Immediate Pivot: $27.00 (psychological level and current close)
Valuation Perspective
Trading at P/E TTM of 4.49x versus media sector average of ~15x, CMCSA appears deeply undervalued.
Forward P/E of 6.29x sits well below historical average of 9.45x, suggesting market pessimism may be overdone for this cash-generative business.
Analyst Targets
27 analysts maintain average target of $35.75 (32% upside potential), with 2 Strong Buys, 7 Buys, 22 Holds, and 1 Underperform.
Target range spans $28.00-$53.00, indicating significant valuation divergence.
Weekly Outlook
Expect consolidation between $26.55-$27.35 as the stock digests recent gains.
Break above $27.35 could target $28.50, while failure to hold $26.55 support may retest the $25.75 yearly low. Volume confirmation needed for sustained breakout.
Risk Disclaimer
This analysis is for informational purposes only and not investment advice. Past performance doesn't guarantee future results. Please conduct your own research and consult financial advisors before making investment decisions.
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