5 Best Depressed Stocks To Invest In

4. Comcast Corporation (NASDAQ:CMCSA)

Number of Hedge Fund Holders: 75

Share Price (as of January 4): $50.32

Share Price Decline Over The Last Six Months: 14.09%

Comcast Corporation (NASDAQ:CMCSA) is a media and technology company that operates through its segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky. The company has a strong monopoly in many areas of the communication sector and provides high-speed internet to millions of businesses and consumers in the United States.

At $50.32 per share, Comcast Corporation (NASDAQ:CMCSA) has seen material share price weakness over the last three months, falling 21% off its highs. Comcast Corporation (NASDAQ:CMCSA) is consistently showing strong operating performance and boasts industry-leading margins for its products and services. The company pays a growing dividend yield that is well-covered, and also maintains strong debt metrics.

For the third quarter, earnings per share for Comcast Corporation (NASDAQ:CMCSA) came in at $0.87, which was above estimates by $0.12. The company’s revenue of $30.30 billion for the third quarter was also above estimates by $424.97 million.

75 hedge funds were long Comcast Corporation (NASDAQ:CMCSA) at the close of the third quarter, holding stakes worth $8.5 billion. This is down from 84 hedge funds holding $9.3 billion in the preceding quarter.