Brokerages Set Comcast Corporation (NASDAQ:CMCSA) Target Price at $32.96

Comcast Corporation (NASDAQ:CMCSA) has been assigned an average recommendation of “Hold” from the twenty-eight analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $32.9615.

A number of equities research analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft raised shares of Comcast from a “hold” rating to a “buy” rating and lowered their price target for the stock from $34.00 to $32.00 in a report on Tuesday, June 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $28.00 target price on shares of Comcast in a report on Monday, July 13th. Barclays set a $26.00 price target on shares of Comcast and gave the company an “equal weight” rating in a report on Friday, July 24th. Royal Bank Of Canada set a $26.00 price target on shares of Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th. Finally, Seaport Research Partners upgraded Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CMCSA. Allied Private Wealth LLC purchased a new position in Comcast in the 2nd quarter worth approximately $26,000. Imprint Wealth LLC bought a new position in shares of Comcast in the 3rd quarter worth $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast during the 4th quarter valued at $27,000. Whipplewood Advisors LLC raised its position in shares of Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after buying an additional 401 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in shares of Comcast during the 1st quarter worth $27,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $25.36 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast has a fifty-two week low of $21.28 and a fifty-two week high of $34.45. The stock has a market cap of $89.99 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.44 and a beta of 0.67. The stock has a fifty day moving average of $23.69 and a 200-day moving average of $26.99.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. Equities research analysts anticipate that Comcast will post 3.52 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 annualized dividend and a dividend yield of 5.2%. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

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.