The stock of Comcast Corp (NASDAQ:CMCSA) last traded at $40.45, up 2.04% from the previous session.
Data from the available sources indicates that Comcast Corp (NASDAQ:CMCSA) is covered by 32 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $43.00, we find $49.30. Given the previous closing price of $39.64, this indicates a potential upside of 24.37 percent. CMCSA stock price is now -9.21% away from the 50-day moving average and -1.63% away from the 200-day moving average. The market capitalization of the company currently stands at $162.81B.
In total, 13 analysts have assigned it a hold rating, and 16 have given it a buy rating. Brokers who have rated the stock have averaged $49.20 as their price target over the next twelve months.
With the price target reduced from $50 to $49, Scotiabank Downgraded its rating from Sector Outperform to Sector Perform for Comcast Corp (NASDAQ: CMCSA).
In other news, COMCAST CORP, 10% Owner sold 37,176 shares of the company’s stock on Feb 21. The stock was sold for $75,419 at an average price of $2.03. Upon completion of the transaction, the 10% Owner now directly owns 19,507,693 shares in the company, valued at $789.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, 10% Owner COMCAST CORP sold 487,146 shares of the business’s stock. A total of $999,331 was realized by selling the stock at an average price of $2.05. This leaves the insider owning 19,544,869 shares of the company worth $790.59 million. Insiders disposed of 1,285,511 shares of company stock worth roughly $52.0 million over the past 1 year. A total of 1.02% 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 Corp shares was purchased by OBERMEYER WOOD INVESTMENT COUNSEL, LLLP during the first quarter worth $19,280,000. TWINBEECH CAPITAL LP invested $19,126,000 in shares of CMCSA during the first quarter. In the first quarter, WALLEYE CAPITAL LLC acquired a new stake in Comcast Corp valued at approximately $19,093,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in CMCSA for approximately $16,737,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in CMCSA valued at around $16,501,000 in the second quarter. In total, there are 2,842 active investors with 87.60% ownership of the company’s stock.
With an opening price of $39.96 on Monday morning, Comcast Corp (NASDAQ: CMCSA) set off the trading day. During the past 12 months, Comcast Corp has had a low of $30.04 and a high of $47.46. As of last week, the company has a debt-to-equity ratio of 1.24, a current ratio of 0.70, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $253.71B, which is based on a 11.22 price-to-earnings ratio, a 1.29 price-to-earnings-growth ratio, and a beta of 1.07. The fifty day moving average price for CMCSA is $44.45 and a two-hundred day moving average price translates $41.13 for the stock.
The latest earnings results from Comcast Corp (NASDAQ: CMCSA) was released for Sep, 2023. According to the Telecom Services Company, earnings per share came in at $1.13, beating analysts’ expectations of $0.97 by 0.16. This compares to -$1.07 EPS in the same period last year. The net profit margin was 12.54% and return on equity was 18.60% for CMCSA. The company reported revenue of $30.11 billion for the quarter, compared to $29.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.89 percent. For the current quarter, analysts expect CMCSA to generate $29.71B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/24/2024. Investors who held shares on 01/03/2024 were paid a $0.29 dividend. On an annualized basis, this represents a $1.16 dividend and a 2.86% percent yield. There was an ex-dividend date of 01/02/2024 for this dividend. In terms of dividend payout ratio, CMCSA is presently at 89.09%.
Comcast Corp(CMCSA) Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, advertising sales, and Sky channels. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, voice, and wireless services, as well as solutions for medium-sized customers and larger enterprises; and small business connectivity services for international locations. The Media segment operates NBCUniversal’s television and streaming business, including national and regional cable networks; the NBC and Telemundo broadcast networks; NBC and Telemundo owned local broadcast television stations; and Peacock, a direct-to-consumer streaming service. It also operates international networks comprising the Sky Sports channels, as well as other digital properties. The Studios segment operates NBCUniversal and Sky 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 company also owns the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania; and operates Xumo, a consolidated streaming platform. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
