Shares of Comcast Corporation (CMCSA) hit a new all time high on Wednesday, one day ahead of the company’s Q2/15 earnings results are released. The name printed the tape at $64.99. That’s a 31.75% rise, or $15.66 per share from the 52-week low of $49.33 set in October 15, 2014.
For the latest quarter, Comcast has been forecast to report EPS of $0.84 on revenue of $18.14 billion. That would be 9c higher the $0.75 per share posted in the 2Q/14. The company posted Q1 March-2015 EPS of $0.79 on revenue of $17.41 billion. Meanwhile, ticker’s earnings whisper number calls for EPS of $0.86 on revenue of $18.04 billion.
Comcast closed at $64.27 at the end of Tuesday’s trading session, printing a year-to-date return of around 12%. Ticker is trading at normal volume Wednesday with 5.2 million shares changing hands. It is currently at less than half its average daily volume of 15.6 million and trading up 0.02% at $64.28 as of 12:06 PM ET.
The Philadelphia, Pennsylvania-based media and tech company, which is currently valued at $161.58 billion, has a median Wall Street price target of $68.50 with a high target of $84.00. Comcast Corp. Cl A is up 21.42% year-over-year, compared with a 6.65% gain in the S&P 500.
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