In yesterday’s Wall Street session, Comcast Corp (NASDAQ:CMCSA) shares traded at $38.23, up 1.62% from the previous session.
CMCSA stock price is now -3.74% away from the 50-day moving average and -3.86% away from the 200-day moving average. The market capitalization of the company currently stands at $146.29B.
With the price target reduced from $48 to $45, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Comcast Corp (NASDAQ: CMCSA). On December 12, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $46, while ‘Pivotal Research Group’ rates the stock as ‘Buy’
In other news, ROBERTS BRIAN L, Chairman of Board & CEO sold 235,051 shares of the company’s stock on Nov 27 ’24. The stock was sold for $10,061,170 at an average price of $42.80. Upon completion of the transaction, the Chairman of Board & CEO now directly owns 6,434,877 shares in the company, valued at $246.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 26 ’24, Chairman of Board & CEO ROBERTS BRIAN L sold 234,464 shares of the business’s stock. A total of $10,002,633 was realized by selling the stock at an average price of $42.66. This leaves the insider owning 6,669,928 shares of the company worth $254.99 million. A total of 0.94% of the company’s stock is owned by insiders.
During the past 12 months, Comcast Corp has had a low of $36.15 and a high of $47.11. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 0.72, and a quick ratio of 0.72. According to the stock market information, the enterprise value for the company is $237272432640, which is based on a 10.30 price-to-earnings ratio, a 1.45 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for CMCSA is $39.8354 and a two-hundred day moving average price translates $39.7737 for the stock.
The latest earnings results from Comcast Corp (NASDAQ: CMCSA) was released for 2024-09-30. The net profit margin was 11.92% and return on equity was 17.43% for CMCSA. The company reported revenue of $32.07 billion for the quarter, compared to $30.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.49 percent. For the current quarter, analysts expect CMCSA to generate $31.63B in revenue.
