Comcast Corporation (NASDAQ:CMCSA) the biggest cable MSO in the US reported that it will arise with two novel usage based billing intends for its customers. They believe that Comcast prepared this move to hold back the enormous growth of the online video streaming service provider Netflix, Inc. (NASDAQ:NFLX).
According to the firm, they will eliminate their existing 250 gigabytes (GB) per month plan and swap it with two separate data packages for all Internet users. On one of its package will have a data capacity of 300 GB and the subscribers will be charged $10 for each extra 50 GB of data usage. Another package will probably have different tiers of bandwidth; and the customers opting for the lowest tier will get 300GB.
Turning towards the investors who viewing CTAS against AT&T Inc. (NYSE:T) rose +1.11%, Verizon Communications Inc. (NYSE:VZ) grew +0.39%, Exxon Mobil Corporation (NYSE:XOM) moved down -0.54%, Microsoft Corporation (NASDAQ:MSFT) dropped -1.51%, The Walt Disney Company (NYSE:DIS) which also decreased -1.17% and General Electric Company (NYSE:GE) surged +0.37%.
Comcast Corporation (NASDAQ:CMCSA) stock’s trade at beginning with a price of $28.48 and throughout the trading session climbed at a high of $28.63 other than when day-trade ended the stock finally declined -0.26% to $28.27.
Shares price of CMCSA moved down from its 20 days moving average with -4.37% and remote negatively from 50 days moving average with -4.49%. CMCSA current year earnings per share experienced an addition with 16.17% while its current quarter performance remained -2.53%.
CMCSA had a trade volume of 16.57 million shares was higher as compared to average trading capacity of 13.30 million shares.
CMCSA last month stock price volatility remained 1.80%. In its share capital CMCSA has 2.70 Billion outstanding shares among them 2.67 Billion shares have been floated in market exchange. CMCSA stock institutional ownership remained 83.99% while insider ownership included 0.41%.
The stock is ahead its 52 week low with 49.65% and lagging behind from its 52 week high price with -8.44%. Company’s beta coefficient included 1.05. Beta factors measures the amount of market risk associated with market trade.
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