Brokerages Set Comcast Corporation (NASDAQ:CMCSA) PT at $34.79

Comcast Corporation (NASDAQ:CMCSAGet Free Report) has earned an average rating of “Hold” from the twenty-six research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $34.7885.

Several brokerages have recently weighed in on CMCSA. New Street Research lowered their price target on shares of Comcast from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. BNP Paribas Exane lowered their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 8th. UBS Group lowered their price target on shares of Comcast from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, January 30th. Wall Street Zen raised shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. Finally, Royal Bank Of Canada upped their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a research report on Friday, April 24th.

Get Our Latest Analysis on Comcast

Comcast Trading Down 0.0%

Shares of CMCSA stock opened at $25.20 on Wednesday. The company’s 50-day moving average price is $27.73 and its 200-day moving average price is $28.63. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.01. The stock has a market cap of $90.02 billion, a price-to-earnings ratio of 4.96, a PEG ratio of 2.03 and a beta of 0.71. Comcast has a twelve month low of $24.53 and a twelve month high of $36.66.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The firm had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities analysts predict that Comcast will post 3.58 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 dividend on an annualized basis and a yield of 5.2%. Comcast’s dividend payout ratio is presently 25.98%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Comcast by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock valued at $11,038,712,000 after buying an additional 2,160,829 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Comcast by 9.7% during the third quarter. Principal Financial Group Inc. now owns 7,536,937 shares of the cable giant’s stock worth $236,810,000 after purchasing an additional 665,635 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of Comcast by 75.3% during the third quarter. Ashton Thomas Private Wealth LLC now owns 340,764 shares of the cable giant’s stock worth $10,707,000 after purchasing an additional 146,339 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd lifted its position in shares of Comcast by 1.0% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 11,327,445 shares of the cable giant’s stock worth $355,908,000 after purchasing an additional 113,461 shares in the last quarter. Finally, Candriam S.C.A. lifted its position in shares of Comcast by 3.5% during the third quarter. Candriam S.C.A. now owns 952,154 shares of the cable giant’s stock worth $29,917,000 after purchasing an additional 32,262 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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