The price of Comcast Corp (NASDAQ:CMCSA) shares last traded on Wall Street fell -0.23% to $42.64.
CMCSA stock price is now -1.16% away from the 50-day moving average and -1.61% away from the 200-day moving average. The market capitalization of the company currently stands at $169.36B.
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 $260.63B, which is based on a 11.50 price-to-earnings ratio, a 1.22 price-to-earnings-growth ratio, and a beta of 0.98. The fifty day moving average price for CMCSA is $43.14 and a two-hundred day moving average price translates $43.34 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 $0.77, beating analysts’ expectations of $0.73 by 0.04. 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 $27.51B in revenue.
