Comcast Corporation (NASDAQ:CMCSA) Receives $41.10 Consensus PT from Brokerages

Comcast Corporation (NASDAQ:CMCSA - Get Free Report) has earned a consensus recommendation of "Hold" from the twenty-seven ratings firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $41.13.

A number of equities analysts recently weighed in on the company. UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Arete Research raised Comcast to a "hold" rating in a report on Tuesday, July 8th. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Benchmark reiterated a "buy" rating on shares of Comcast in a report on Friday, July 18th. Finally, Bernstein Bank cut their price target on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th.

Institutional Investors Weigh In On Comcast

A number of large investors have recently added to or reduced their stakes in CMCSA. Norges Bank acquired a new stake in shares of Comcast in the fourth quarter valued at $3,835,226,000. Nuveen LLC bought a new position in shares of Comcast during the 1st quarter valued at $940,015,000. Dodge & Cox raised its holdings in shares of Comcast by 19.1% during the 1st quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock valued at $3,476,635,000 after purchasing an additional 15,115,074 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock valued at $488,140,000 after purchasing an additional 12,586,329 shares in the last quarter. Finally, Capital World Investors raised its holdings in Comcast by 8.6% during the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 4.8%

Shares of NASDAQ CMCSA traded down $1.69 during mid-day trading on Thursday, reaching $33.68. The company had a trading volume of 32,916,863 shares, compared to its average volume of 16,460,666. The business's 50-day moving average is $35.01 and its 200-day moving average is $35.23. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The stock has a market cap of $125.75 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95. Comcast has a 52 week low of $31.44 and a 52 week high of $45.31.

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 the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $1.04 EPS. Equities analysts expect that Comcast will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.92%. Comcast's dividend payout ratio (DPR) is currently 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.