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What Factors Are Impacting Comcast’s Stock Price?

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Rise in Comcast’s stock price

On November 27, 2016, Comcast’s (CMCSA) stock price closed at $69.16. The company’s stock has risen 22.5% YTD (year-to-date). Media company Charter Communications (CHTR) also saw its stock price rise 21.1%. However, the Walt Disney Company (DIS) has fallen 6%. 21st Century Fox (FOXA) saw its stock price rise 4.4% on a YTD basis.

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Factors driving stock price

Comcast’s (CMCSA) recent fiscal 3Q16 earnings slightly exceeded consensus Wall Street estimates. It declared EPS (earnings per share) of $0.92, which exceeded the Wall Street analyst estimate of $0.91.

Comcast’s Triple Play business is doing exceedingly well. Comcast’s Cable Communications business recorded revenues of $12.6 billion in 3Q16, which is 6.9% higher YoY (year-over-year). Its revenue growth was mainly driven by its High-Speed Internet, Video, and Business Services segments.

Comcast is also optimistic about the growth of its NBCUniversal businesses.

Series snapshot

In this series, we’ll take a closer look at Comcast’s X1 set-top box and its business strategy regarding Comcast Cable. We’ll also look at Comcast’s advertising business and its wireless strategy.

We’ll also explore the outlook for the company’s High-Speed Internet business in fiscal 4Q16. But first, let’s see how analysts are rating Comcast.

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