Comcast Corporation (NASDAQ:CMCSA) Receives $34.79 Average Target Price from Analysts

Comcast Corporation (NASDAQ:CMCSA) has earned a consensus rating of “Hold” from the twenty-six ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $34.7885.

A number of brokerages recently commented on CMCSA. Scotiabank raised their price target on Comcast from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research report on Thursday, April 23rd. Royal Bank Of Canada raised their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $29.00 price target on shares of Comcast in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 price target on the stock. in a research report on Friday, April 24th.

Hedge Funds Weigh In On Comcast

Institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new stake in shares of Comcast in the first quarter worth $603,000. GKV Capital Management Co. Inc. purchased a new position in shares of Comcast during the first quarter valued at approximately $32,000. Essential Partners LLC lifted its stake in Comcast by 436.2% during the 1st quarter. Essential Partners LLC now owns 4,874 shares of the cable giant’s stock valued at $140,000 after acquiring an additional 3,965 shares in the last quarter. Front Row Advisors LLC lifted its stake in Comcast by 5.7% during the 1st quarter. Front Row Advisors LLC now owns 9,367 shares of the cable giant’s stock valued at $269,000 after acquiring an additional 501 shares in the last quarter. Finally, Western Wealth Management LLC grew its stake in shares of Comcast by 421.3% in the 1st quarter. Western Wealth Management LLC now owns 71,828 shares of the cable giant’s stock worth $2,062,000 after acquiring an additional 58,049 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $25.20 on Wednesday. The business has a fifty day simple moving average of $27.73 and a 200 day simple moving average of $28.62. The company has a market capitalization of $90.02 billion, a PE ratio of 4.96, a price-to-earnings-growth ratio of 2.02 and a beta of 0.71. Comcast has a 1 year low of $24.53 and a 1 year high of $36.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The business had revenue of $31.46 billion for the quarter, compared to analyst estimates of $30.42 billion. During the same period last year, the firm earned $1.09 earnings per share. Comcast’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts expect that Comcast will post 3.58 EPS for the current year.

Comcast Announces Dividend

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

Comcast Company Profile

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.