Shares of Comcast Corporation (NASDAQ:CMCSA – Get Free Report) have received an average recommendation of “Hold” from the twenty-nine ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $40.5556.
A number of research firms have issued reports on CMCSA. Rothschild & Co Redburn decreased their target price on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Benchmark reiterated a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Sanford C. Bernstein reduced their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, September 10th. Moffett Nathanson lifted their price target on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Finally, UBS Group reduced their price target on Comcast from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, August 1st.
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Comcast Stock Performance
NASDAQ:CMCSA opened at $33.06 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The business has a fifty day simple moving average of $33.79 and a two-hundred day simple moving average of $34.59. Comcast has a 1 year low of $31.03 and a 1 year high of $45.31. The company has a market capitalization of $122.06 billion, a P/E ratio of 5.46, a P/E/G ratio of 1.98 and a beta of 0.93.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period last year, the business posted $1.21 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect that Comcast will post 4.33 earnings per share for the current year.
Comcast Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be given a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. Comcast’s payout ratio is 21.82%.
Institutional Investors Weigh In On Comcast
Several large investors have recently added to or reduced their stakes in CMCSA. Norges Bank bought a new stake in Comcast during the second quarter valued at $3,528,361,000. Nuveen LLC bought a new stake in Comcast during the first quarter valued at $940,015,000. Dodge & Cox boosted its stake in Comcast by 18.1% during the second quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant’s stock valued at $3,971,309,000 after buying an additional 17,054,579 shares during the period. Pacer Advisors Inc. boosted its stake in Comcast by 1,959.3% during the first quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant’s stock valued at $488,140,000 after buying an additional 12,586,329 shares during the period. Finally, KBC Group NV boosted its stake in Comcast by 724.7% during the first quarter. KBC Group NV now owns 10,160,649 shares of the cable giant’s stock valued at $374,927,000 after buying an additional 8,928,641 shares during the period. Institutional investors own 84.32% of the company’s stock.
About Comcast
(Get Free Report)
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.
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