Comcast Corporation (NASDAQ:CMCSA) Given Average Rating of “Hold” by Brokerages

Comcast Corporation (NASDAQ:CMCSA) has earned an average rating of “Hold” from the thirty-two ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $36.2931.

CMCSA has been the topic of a number of recent research reports. Bank of America reduced their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Sanford C. Bernstein reduced their price objective on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, October 31st. Arete reduced their price objective on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a research note on Tuesday, October 14th. Finally, Oppenheimer set a $38.00 price objective on shares of Comcast in a research note on Tuesday.

Comcast Price Performance

CMCSA opened at $27.94 on Friday. Comcast has a one year low of $25.75 and a one year high of $45.22. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day simple moving average is $31.02 and its 200-day simple moving average is $33.18. The stock has a market capitalization of $103.16 billion, a P/E ratio of 4.65, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The business had revenue of $30.34 billion for the quarter. Sell-side analysts anticipate that Comcast will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

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

Institutional Investors Weigh In On Comcast

Several hedge funds have recently bought and sold shares of CMCSA. Capital A Wealth Management LLC raised its holdings in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Cranbrook Wealth Management LLC raised its holdings in Comcast by 86.0% in the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC raised its holdings in Comcast by 906.8% in the second quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after purchasing an additional 671 shares during the period. Avalon Trust Co raised its holdings in Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the period. Finally, Abound Financial LLC acquired a new stake in Comcast in the first quarter worth $29,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast 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.