Comcast Telecommunications has been stable for the last few years. Although they have recently agreed to sell their stock in Hulu to Disney, analysts predict that CMCSA stocks may actually grow!
After the financial crisis of 2008, CMCSA stocks have come a long way. Initially, they dropped an extreme amount only to rise up a decade later.
Comcast currently owns lot’s of different stakes and companies
Comcast is notoriously known for owning different stakes in a variety of companies that include, but are not limited to; NBC, Sky, Comcast business, and more.
They are the second largest multichannel video service provider in the US, the first being Atandt satellite TV.
While it is no surprise Comcast Telecommunications has their hands dipped into different things, their stocks seem to not showcase these numbers well.
Stock Market News Today – CMCSA Stock Prices Are Constantly Dropping
Many people, including stock market watchers, agree that stock prices have been stabilizing after efforts of fixing the stock market after the big financial crisis that hit the United States in 2008. Ten years later CMCSA stocks are not doing as well as they should be.
According to finance. Yahoo, the CMCSA stock points fluctuated ridiculously over the course of one day. Just yesterday the highest stock for CMCSA was 42.98 and the lowest was 42.67. The charts describing the CMCSA stocks contains various plunges and rises that scare investors.
CMCSA Stock Predictions Deeply Affected by Selling of Hulu
CMCSA dug themselves into a hole as they sold their large share of Hulu to the large company that has been making headlines, Disney. Disney and Comcast recently agreed to buy and sell Hulu in the next five years. While the telecommunications company will still have majority control till then, their decision begs the question of; What will happen to their stocks?
Analysts and professionals are all flustered by this huge loss and gain by both companies. In the future, CMCSA stock points may keep decreasing as they take on new projects and lose others.