Comcast Corporation (NASDAQ:CMCSA) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts give Comcast a consensus “Hold” rating: Of 28 analysts, 13 recommend holding, 11 recommend buying and 4 recommend selling. The average 12-month price target is approximately $32.96, above the reported $23.96 share price.
• Comcast exceeded quarterly earnings and revenue expectations: The company reported $1.04 in EPS versus the $0.97 consensus estimate and $29.94 billion in revenue, although revenue declined 1.2% year over year.
• The company declared a quarterly dividend of $0.33 per share: The annualized dividend is $1.32, representing a 5.5% yield and a 42.72% payout ratio; institutional investors own 84.32% of the stock.

Shares of Comcast Corporation (NASDAQ:CMCSA - Get Free Report) have earned an average recommendation of "Hold" from the twenty-eight analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $32.9615.

Several analysts have weighed in on CMCSA shares. Morgan Stanley set a $29.00 price objective on Comcast in a report on Friday, July 24th. KeyCorp reiterated a "sector weight" rating on shares of Comcast in a research report on Thursday, April 23rd. Citigroup dropped their price target on shares of Comcast from $35.50 to $32.00 and set a "buy" rating for the company in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a "hold" rating to a "buy" rating and cut their price objective for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Finally, Freedom Capital raised shares of Comcast to a "hold" rating in a research note on Friday, June 12th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allied Private Wealth LLC acquired a new position in Comcast in the second quarter valued at about $26,000. Imprint Wealth LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Comcast during the 4th quarter worth about $27,000. Whipplewood Advisors LLC increased its stake in shares of Comcast by 75.5% in the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant's stock valued at $27,000 after acquiring an additional 401 shares during the last quarter. Finally, Main Street Group LTD bought a new stake in shares of Comcast in the 1st quarter valued at about $27,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

CMCSA stock opened at $23.96 on Monday. The company has a market cap of $85.03 billion, a P/E ratio of 7.75, a PEG ratio of 1.96 and a beta of 0.67. Comcast has a twelve month low of $21.28 and a twelve month high of $34.45. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $23.70 and a 200-day moving average of $27.10.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $29.94 billion for the quarter, compared to analysts' expectations of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The firm's quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. As a group, equities research analysts expect that Comcast will post 3.52 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.5%. Comcast's dividend payout ratio is 42.72%.

Comcast Company Profile

Comcast Corporation NASDAQ: CMCSA is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal's assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.

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