Comcast Stock is Still a Buy After Reaching a New All-Time High, Here’s Why By StockNews

© Reuters. Comcast Stock is Still a Buy After Reaching a New All-Time High, Here’s Why

Global media and technology giant Comcast (CMCSA) recently hit it an all-time high on September 2, driven by the latest news regarding its international expansion plans. With several partnerships and acquisitions underway, CMCSA still has plenty of upside left. Read more to find out why you should consider this stock.Comcast Corporation (NASDAQ:) is a leading global media and technology company with more than 57 million customer relationships across the United States and Europe. Its famous brands include Universal Studio Group, NBC network, and Universal Parts and Resort.

The company’s impressive growth strategies to boost its business have been attracting investors over the past year, as evident from CMCSA’s 35.7% gain during this period. In fact, CMCSA’s strategic joint venture with ViacomCBS Inc. (NASDAQ:), announced on August 18, led to the stock gaining 3.5% since the announcement to hit its all-time high of $61.80 on September 2.

Here’s what could shape CMCSA’s performance in the near term:

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