Why Comcast Stock Dived by Almost 13% Today
One day after (NASDAQ: CMCSA) published its latest set of quarterly results, an analyst's downgrade put the hurt on the stock. It suffered a nearly 13% decline on Friday, in sharp contrast to the healthy gain it posted on earnings day.
Comcast scored a double beat on the consensus pundit estimates for its first quarter, but not all of those analysts were impressed by the feat. Before market open Friday, Deutsche Bank's Bryan Craft downgraded his recommendation on the media company's stock to hold from his preceding buy. He also shaved his price target to $34 per share from $35.
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Source Fool.com
Comcast Corp. Stock
€21.31
-0.810%
With 33 Buy predictions and 4 Sell predictions Comcast Corp. is one of the favorites of our community.
With a target price of 34 € there is a hugely positive potential of 59.59% for Comcast Corp. compared to the current price of 21.31 €.
