Stocks of Comcast Corporation (NASDAQ:CMCSA) traded higher last session on Wall Street, down -0.43% to $34.35.
According to the data, Comcast Corporation (NASDAQ:CMCSA) has 35 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $60.00 and a low of $29.00, we find $39.00. Given the previous closing price of $34.50, this indicates a potential upside of 13.04 percent. CMCSA stock price is now 8.20% away from the 50-day moving average and -13.93% away from the 200-day moving average. The market capitalization of the company currently stands at $147.48B.
A total of 13 analysts have issued a hold rating and 17 have given it a buy rating. Brokers who have rated the stock have averaged $40.25 as their price target over the next twelve months.
With the price target reduced from $42 to $36, Citigroup Upgraded its rating from Neutral to Buy for Comcast Corporation (NASDAQ: CMCSA). On August 15, 2022, Atlantic Equities Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $60 to quote $44, while ‘Redburn’ rates the stock as ‘Neutral’.
In other news, Murdock Daniel C., EVP & Chief Accounting Officer sold 8,929 shares of the company’s stock on May 27. The stock was sold for $397,340 at an average price of $44.50. Upon completion of the transaction, the EVP & Chief Accounting Officer now directly owns 1,817 shares in the company, valued at $62413.95. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11, CEO – Comcast Cable WATSON DAVID N sold 65,410 shares of the business’s stock. A total of $2,988,452 was realized by selling the stock at an average price of $45.69. This leaves the insider owning 597,425 shares of the company worth $20.52 million. Insiders disposed of 1,234,462 shares of company stock worth roughly $42.4 million over the past 1 year. A total of 0.71% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CMCSA stock. A new stake in Comcast Corporation shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $213,371,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $124,881,000 in shares of CMCSA during the first quarter. In the first quarter, COMMERZBANK AKTIENGESELLSCHAFT /FI acquired a new stake in Comcast Corporation valued at approximately $58,344,000. MILLER HOWARD INVESTMENTS INC /NY acquired a new stake in CMCSA for approximately $48,900,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in CMCSA valued at around $39,322,000 in the second quarter. In total, there are 2,825 active investors with 85.70% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $34.62 for Comcast Corporation (NASDAQ: CMCSA). During the past 12 months, Comcast Corporation has had a low of $28.39 and a high of $53.31. As of last week, the company has a debt-to-equity ratio of 1.22, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for CMCSA is $31.75 and a two-hundred day moving average price translates $39.91 for the stock.
The latest earnings results from Comcast Corporation (NASDAQ: CMCSA) was released for Sep, 2022. According to the Entertainment Company, earnings per share came in at $0.96, beating analysts’ expectations of $0.9 by 0.06. This compares to $0.84 EPS in the same period last year. The net profit margin was 4.50% and return on equity was 6.00% for CMCSA. The company reported revenue of $29.85 billion for the quarter, compared to $30.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.48 percent. For the current quarter, analysts expect CMCSA to generate $30.74B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/25/2023. Investors who held shares on 01/04/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 3.14% percent yield. There was an ex-dividend date of 01/03/2023 for this dividend. In terms of dividend payout ratio, CMCSA is presently at 90.70%.
Comcast Corporation(CMCSA) Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal’s television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal’s film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.