Comcast Stock Climbs on Analyst Upgrade

calls are popular in the options pits

Deputy Editor
Jul 1, 2020 at 11:20 AM
facebook X logo linkedin


Comcast Corporation (NASDAQ:CMCSA) is up 2.6% at $39.98 at last check, after receiving an upgrade from Bernstein to "outperform" from "market perform," with added price-target hike to $52 from $48. The analyst in coverage, Peter Supino, said he believes meeting these targets will bring "sufficient outperformance" to the stock. Also in this open letter, directed at Chairman and CEO Brian Roberts, Supino recommends a spin-out of NBCUniversal and Sky, believing now is a time for boldness. 

Today's pop now has CMCSA gapping above the long-term support of its 80-day moving average, a familiar floor for the shares since mid-May. Although the stock is down 11.3% year-to-date, today's surge has the equity eyeing its first weekly gain in four weeks. In terms of analyst attention, coming into today, 11 analysts sport a "buy" or better on Comcast stock, while the remaining eight carry a tepid "hold."

The options pits are leaning bullish as well, per Comcast stock's 50-day call/put volume ratio of 3.42 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits higher than 86% of readings from the past year, suggesting long calls are being picked up at a faster-than-usual rate.

Also worth noting are CMCSA's attractively priced premiums. The stock's Schaeffer's Volatility Index (SVI) of 31% sits in the 15th annual percentile of its annual range, meaning short-term options are pricing in lower-than-usual volatility expectations.

 

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI