Comcast Corporation (NASDAQ:CMCSA) Receives $34.98 Consensus PT from Analysts

Comcast Corporation (NASDAQ:CMCSAGet Free Report) has received an average recommendation of “Hold” from the thirty-four research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.8871.

A number of brokerages have weighed in on CMCSA. Barclays set a $28.00 price target on Comcast and gave the stock an “equal weight” rating in a research report on Tuesday. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $37.00 in a report on Monday, January 12th. Loop Capital dropped their price target on Comcast from $43.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Scotiabank set a $37.50 price objective on shares of Comcast in a research report on Wednesday, January 7th. Finally, Williams Trading set a $40.00 price objective on shares of Comcast in a report on Friday, October 31st.

View Our Latest Stock Analysis on Comcast

Comcast Stock Down 1.9%

Comcast stock opened at $27.82 on Thursday. The company has a 50 day moving average of $28.10 and a 200-day moving average of $30.79. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast has a twelve month low of $25.75 and a twelve month high of $38.40. The stock has a market capitalization of $101.37 billion, a PE ratio of 4.63, a price-to-earnings-growth ratio of 1.98 and a beta of 0.81.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.02. The business had revenue of $31.20 billion for the quarter, compared to analyst estimates of $30.74 billion. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. On average, equities research analysts anticipate that Comcast will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 14th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio (DPR) is currently 21.96%.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

Institutional Trading of Comcast

Large investors have recently modified their holdings of the stock. Foster Group Inc. boosted its position in shares of Comcast by 4.0% during the 2nd quarter. Foster Group Inc. now owns 7,418 shares of the cable giant’s stock worth $265,000 after acquiring an additional 282 shares in the last quarter. Argyle Capital Management LLC lifted its stake in Comcast by 0.5% during the second quarter. Argyle Capital Management LLC now owns 61,186 shares of the cable giant’s stock worth $2,184,000 after purchasing an additional 300 shares during the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of Comcast by 2.6% in the 2nd quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares in the last quarter. Coign Capital Advisors LLC increased its stake in shares of Comcast by 2.1% in the 2nd quarter. Coign Capital Advisors LLC now owns 15,919 shares of the cable giant’s stock valued at $568,000 after purchasing an additional 324 shares during the last quarter. Finally, Live Oak Investment Partners increased its stake in shares of Comcast by 1.2% in the 2nd quarter. Live Oak Investment Partners now owns 28,392 shares of the cable giant’s stock valued at $1,013,000 after purchasing an additional 328 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

About Comcast

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Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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