Free Trial

Rosenblatt Securities Issues Positive Forecast for Comcast (NASDAQ:CMCSA) Stock Price

Comcast logo with Consumer Discretionary background

Key Points

  • Rosenblatt Securities has increased its price target for Comcast (CMCSA) from $37.00 to $38.00, indicating a potential upside of 16.85% from its last closing price, while maintaining a "neutral" rating on the stock.
  • The consensus rating for Comcast among analysts is currently a "Hold", with an average target price of $40.81, suggesting mixed sentiments as several analysts have downgraded their ratings and price expectations.
  • Comcast reported a 2.1% increase in quarterly revenue year-over-year, with earnings per share of $1.25, exceeding consensus estimates, showcasing resilience in its financial performance.
  • Interested in Comcast? Here are five stocks we like better.

Comcast (NASDAQ:CMCSA - Get Free Report) had its price target upped by stock analysts at Rosenblatt Securities from $37.00 to $38.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the cable giant's stock. Rosenblatt Securities' target price would indicate a potential upside of 16.85% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the stock. New Street Research reduced their price target on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Comcast currently has a consensus rating of "Hold" and an average target price of $40.81.

Check Out Our Latest Stock Analysis on CMCSA

Comcast Stock Down 2.1%

CMCSA opened at $32.52 on Monday. The stock has a market cap of $121.42 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. The firm's fifty day moving average is $34.79 and its 200 day moving average is $35.09. Comcast has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%. The company had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter last year, the company earned $1.21 EPS. The firm's quarterly revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts forecast that Comcast will post 4.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CMCSA. Brighton Jones LLC boosted its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Invesco Ltd. increased its stake in shares of Comcast by 11.5% in the 4th quarter. Invesco Ltd. now owns 45,175,969 shares of the cable giant's stock valued at $1,695,454,000 after purchasing an additional 4,669,069 shares in the last quarter. Twin Capital Management Inc. grew its holdings in Comcast by 1.6% in the fourth quarter. Twin Capital Management Inc. now owns 134,512 shares of the cable giant's stock valued at $5,048,000 after purchasing an additional 2,156 shares during the period. Canopy Partners LLC acquired a new position in shares of Comcast during the 4th quarter worth approximately $206,000. Finally, FIL Ltd grew its stake in Comcast by 5.4% in the 4th quarter. FIL Ltd now owns 556,273 shares of the cable giant's stock valued at $20,877,000 after acquiring an additional 28,527 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

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.

See Also

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Comcast Right Now?

Before you consider Comcast, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.

While Comcast currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Palantir & AMD Earnings: Massive Options Setups Ahead
3 Value Plays Set to Explode
5 Stocks to BUY NOW in August 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines