Comcast (NASDAQ:CMCSA) shares rose on Wednesday, reversing their losses from the past six trading sessions. CMCSA closed 0.43% higher at $32.43.
The media conglomerate lost more than 4% in the preceding six sessions. On a year-to-date basis, the company has lost over 13% compared to a 12.6% rise in the broader markets.
As per Seeking Alpha’s quant rating, the entertainment firm has a Hold rating with a score of 3.42 out of 5. The company has been rated A+ for profitability, but has scored a D- for growth.
However, Seeking Alpha and Wall Street analysts are bullish on the stock and have issued a Buy call for the stock. Overall, 4 SA analysts and 13 Wall Street analysts have rated it Buy and above.
In an article earlier this month, Seeking Alpha analyst Florian Muller rated the stock as Buy, arguing that it is better positioned than in 2024.
“Comcast is not positioned worse than in 2024, yet the stock trades notably lower. This, in turn, indicates an even cheaper valuation. With that, Comcast continues to be no value trap, but shareholder returns should reflect its resilient business with some inherent gems sooner or later,” the analyst said.
Analyst Narek Hovhannisyan was also bullish on the stock, driven by solid broadband, mobile, and digital growth that offset cable TV declines, bolstering free cash flow and shareholder returns.
“Comcast remains deeply undervalued, trading at a significant discount to peers and historical averages; my DCF and multiples analysis supports a $42 target price (+24% upside),” he added.