Brokerages Set Comcast Corporation (NASDAQ:CMCSA) Price Target at $42.10

Comcast Corporation (NASDAQ:CMCSA - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, nine have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $41.80.

CMCSA has been the topic of a number of recent research reports. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. Barclays lowered 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. Argus cut Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Finally, Oppenheimer cut their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th.

Institutional Investors Weigh In On Comcast

A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. Promus Capital LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new stake in Comcast in the 1st quarter valued at approximately $26,000. Abound Financial LLC acquired a new stake in Comcast during the 1st quarter valued at $29,000. Ransom Advisory Ltd acquired a new stake in Comcast during the 1st quarter valued at $29,000. Finally, Retirement Wealth Solutions LLC increased its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.1%

NASDAQ:CMCSA traded down $0.04 during midday trading on Friday, reaching $35.97. 12,318,298 shares of the stock traded hands, compared to its average volume of 21,939,732. The business has a 50-day moving average of $34.69 and a two-hundred day moving average of $35.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market capitalization of $134.28 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.73 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. On average, equities analysts forecast that Comcast will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Comcast's dividend payout ratio (DPR) is presently 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.