In yesterday’s Wall Street session, Comcast Corp (NASDAQ:CMCSA) shares traded at $43.12, up 0.82% from the previous session.
CMCSA stock price is now -0.11% away from the 50-day moving average and -0.30% away from the 200-day moving average. The market capitalization of the company currently stands at $171.27B.
With the price target reduced from $50 to $44, Redburn Atlantic Downgraded its rating from Buy to Neutral for Comcast Corp (NASDAQ: CMCSA). On December 13, 2023, Pivotal Research Group reiterated its ‘Buy’ rating on the stock by increasing its target price from $55 to quote $58, while ‘Scotiabank’ rates the stock as ‘Sector Perform’
In other news, Cavanagh Michael J, President sold 114,749 shares of the company’s stock on Jan 29 ’24. The stock was sold for $5,290,193 at an average price of $46.10. Upon completion of the transaction, the President now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’23, CFO Armstrong Jason sold 41,663 shares of the business’s stock. A total of $1,776,016 was realized by selling the stock at an average price of $42.63. This leaves the insider owning 14,458 shares of the company worth $0.62 million. A total of 1.00% of the company’s stock is owned by insiders.
During the past 12 months, Comcast Corp has had a low of $35.28 and a high of $47.46. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 0.60, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $262.12B, which is based on a 11.63 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for CMCSA is $43.18 and a two-hundred day moving average price translates $43.27 for the stock.
The latest earnings results from Comcast Corp (NASDAQ: CMCSA) was released for Dec, 2023. According to the Telecom Services Company, earnings per share came in at $0.84, beating analysts’ expectations of $0.79 by 0.05. This compares to $0.69 EPS in the same period last year. The net profit margin was 12.66% and return on equity was 18.81% for CMCSA. The company reported revenue of $31.25 billion for the quarter, compared to $30.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.29 percent. For the current quarter, analysts expect CMCSA to generate $29.92B in revenue.
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, sky-branded entertainment television networks, and advertising. The Business Services Connectivity segment offers connectivity services for small business locations, which include broadband, wireline voice, and wireless services, as well as solutions for medium-sized customers and larger enterprises; and small business connectivity services in the United Kingdom. The Media segment operates NBCUniversal’s television and streaming business, including national and regional cable networks; the NBC and Telemundo broadcast networks and owned local broadcast television stations; and Peacock, a direct-to-consumer streaming services. It also operates international television networks comprising the Sky Sports networks, 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 offers a consolidated streaming platforms under the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania; and Xumo. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.
