Recent Analysts’ Ratings Updates for Comcast (CMCSA)

Comcast (NASDAQ: CMCSA) recently received a number of ratings updates from brokerages and research firms:

• 11/6/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $45.00 price target on the stock.
• 11/4/2024 – Comcast had its price target raised by analysts at Barclays PLC from $40.00 to $42.00. They now have an “equal weight” rating on the stock.
• 11/1/2024 – Comcast was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating. They now have a $48.00 price target on the stock, up previously from $47.75.
• 11/1/2024 – Comcast had its price target raised by analysts at KeyCorp from $44.00 to $47.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $40.00 price target on the stock.
• 11/1/2024 – Comcast had its price target raised by analysts at Wells Fargo & Company from $43.00 to $46.00. They now have an “equal weight” rating on the stock.
• 11/1/2024 – Comcast had its price target raised by analysts at Pivotal Research from $47.00 to $54.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Comcast had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $49.00 to $50.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Comcast had its price target lowered by analysts at TD Cowen from $50.00 to $48.00. They now have a “buy” rating on the stock.
• 10/30/2024 – Comcast had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $55.00 price target on the stock.
• 10/18/2024 – Comcast had its price target raised by analysts at Scotiabank from $47.25 to $47.75. They now have a “sector perform” rating on the stock.
• 9/24/2024 – Comcast was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.

Comcast Stock Performance

CMCSA traded down $0.13 during trading on Wednesday, reaching $43.91. 11,593,029 shares of the company were exchanged, compared to its average volume of 19,628,543. The stock has a market cap of $168.02 billion, a P/E ratio of 11.80, a PEG ratio of 1.67 and a beta of 1.00. The firm has a 50 day moving average of $41.36 and a 200 day moving average of $39.79. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. On average, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.82%. Comcast’s payout ratio is currently 33.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital Investment Advisors LLC boosted its stake in Comcast by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock valued at $1,411,000 after buying an additional 1,550 shares in the last quarter. First Hawaiian Bank lifted its holdings in shares of Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after purchasing an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares during the last quarter. Wulff Hansen & CO. boosted its stake in Comcast by 3,816.0% in the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after purchasing an additional 544,123 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Comcast during the 1st quarter worth approximately $773,000. Institutional investors own 84.32% of the company’s stock.

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.