Comcast (NASDAQ:CMCSA) shares were on track for seven straight sessions of losses Tuesday, as the stock fell 1.5% to $40.07 in afternoon trading.
The media and cable giant has lost about 4% in the previous six sessions. The stock lost more above 7% this year, compared with a more than 9% rise in the broader S&P 500 index.
CMCSA is down 6% over the past month. The stock closed 0.5% lower at $40.71 on Monday.
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+ for Profitability Outlook, while it scored C+ in Valuation, Growth and Momentum.
Turning to the Wall Street community, 17 analysts have given CMCSA a Buy and above. 14 analysts have given the stock a hold recommendation and none have recommended selling or lowering.
Seeking Alpha analysts are also bullish and view the stock as a buy.
A recent analysis from Seeking Alpha pointed out that Comcast will likely see continued strength in its theme parks and movie studios, while its NBC division could see strong results in 2024, due to election-year spending.
The company will report first-quarter results on April 25 before the markets open.