Comcast snaps eight straight sessions of gains

Comcast (NASDAQ:CMCSA) shares snapped eight straight sessions of gains, as the stock closed 0.25% lower at $43.56 on Friday.

The Philadelphia-based media company gained above 5% in the preceding eight sessions. The stock has increased above 1.5% so far this year, compared to nearly 20% rise in the broader S&P 500 Index.

Comcast has increased above 5% over the past one month.

Looking at Seeking Alpha’s Quant Rating, CMCSA has a Hold rating with a score of 3.41 out of 5. The company received A+ in the prospect of profitability, while it got a C+ in revisions and D in growth factor.

Seeking Alpha analysts are also cautious and rated the stock as a Hold.

Turning to the Wall Street community, 17 analysts gave CMCSA a Buy and above. 12 analysts have given the stock a Hold recommendation, and one recommended Sell.

On Thursday, Comcast reported results that beat analyst estimates. The company also hinted at divesting its cable operations due to a deteriorating scenario for the industry.

Seeking Alpha analyst Deep Value Ideas said, “Overall, Comcast’s core business is holding up very well, while the Content & Experiences segment is growing. But make no mistake, the core business continues to be the largest contributor to free cash flow. Against this backdrop, I was quite surprised that management hinted at a possible separation of the cable business.”