Comcast (NASDAQ:CMCSA) shares were on track for seven straight sessions of losses on Tuesday, as the stock fell 1.5% to $40.07 in afternoon trade.
The media and cable giant lost about 4% in the preceding six sessions. The stock has lost more than 7% so far this year, compared to the over 9% rise in the broader S&P 500 Index.
CMCSA is down 6% over the past one month. The stock closed 0.5% lower on Monday at $40.71.
Looking at Seeking Alpha’s Quant Rating, CMCSA has a Strong Buy rating with a score of 4.65 out of 5. The company received A+ in the prospect of profitability, while it got C+ in valuation, growth and momentum.
Turning to the Wall Street community, 17 analysts gave CMCSA a Buy and above. 14 analysts have given the stock a Hold recommendation, and no one recommended Sell or lower.
Seeking Alpha analysts are also bullish and see the stock as a Buy.
A recent Seeking Alpha analysis pointed out that Comcast is likely to see continued strength in theme parks and its movie studios, while its NBC division could see strong results in 2024, due to election year spending.
The company is set to report first quarter results on April 25 before markets open.