Comcast Co. (NASDAQ:CMCSA) Receives Consensus Rating of "Moderate Buy" from Analysts

Comcast Co. (NASDAQ:CMCSA - Get Free Report) has been given an average rating of "Moderate Buy" by the twenty-two brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $42.10.

A number of research firms have issued reports on CMCSA. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. KeyCorp reduced their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Barclays decreased their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Scotiabank restated a "sector perform" rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th.

Hedge Funds Weigh In On Comcast

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Promus Capital LLC bought a new position in shares of Comcast in the 4th quarter worth $25,000. Inlight Wealth Management LLC bought a new position in Comcast in the first quarter worth about $26,000. Roxbury Financial LLC purchased a new stake in shares of Comcast during the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter valued at about $28,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Comcast in the 1st quarter valued at about $29,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of CMCSA traded down $0.22 during mid-day trading on Wednesday, hitting $34.22. 18,836,528 shares of the company traded hands, compared to its average volume of 22,029,255. The stock has a market cap of $127.77 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.78 and a beta of 0.97. The stock has a 50-day moving average price of $34.48 and a two-hundred day moving average price of $36.54. Comcast has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 EPS. Equities analysts anticipate that Comcast will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

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.