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NASDAQ:CMCSA

Comcast (CMCSA) Stock Price, News & Analysis

$38.54
0.00 (0.00%)
(As of 05/28/2024 ET)
Today's Range
$38.16
$38.81
50-Day Range
$37.87
$43.35
52-Week Range
$36.43
$47.46
Volume
16.94 million shs
Average Volume
20.49 million shs
Market Capitalization
$151.22 billion
P/E Ratio
10.20
Dividend Yield
3.22%
Price Target
$49.33

Comcast MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.52 Rating Score
Upside/​Downside
28.0% Upside
$49.33 Price Target
Short Interest
Healthy
1.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.80mentions of Comcast in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$10.13 M Sold Last Quarter
Proj. Earnings Growth
6.18%
From $4.21 to $4.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Consumer Discretionary Sector

1st out of 273 stocks

Cable & Other Pay Television Services Industry

1st out of 17 stocks

CMCSA stock logo

About Comcast Stock (NASDAQ:CMCSA)

Comcast Corporation is a global telecommunications conglomerate headquartered in Philadelphia, Pennsylvania. Founded in 1963 by Ralph J. Roberts, the company has become one of the world's largest media and technology companies. The mission of Comcast is to "create and deliver innovative entertainment and communication experiences that connect people to what they love."

Comcast is primarily involved in three main businesses: cable communications, cable networks, and broadcasting. The company provides cable television, high-speed internet, and home phone services to more than 30 million residential and business customers across the United States. Additionally, the company owns and operates broadcast television networks, including NBC and Telemundo.

Comcast targets a diverse range of consumers, from families seeking premium entertainment to businesses looking for reliable communication services. The company's key customers include residential and commercial customers, advertisers, and content producers. Comcast operates across the United States, with a strong presence in major cities such as New York, Los Angeles, and Chicago.

Comcast's management team is led by Chairman and Chief Executive Officer Brian L. Roberts, who has been with the company since 1981. Roberts has played an instrumental role in the growth of Comcast, overseeing significant acquisitions such as NBCUniversal and DreamWorks Animation. Other key management team members include Senior Executive Vice President and Chief Financial Officer Mike Cavanagh.

Over the past few years, Comcast has delivered declining financial performance, with revenues and net income down. Comcast's profit margins have also declined, with an average gross profit margin of around 4.5%.

Comcast's debt levels have increased in recent years due to the acquisition of NBCUniversal and other significant investments. However, the company maintains a strong credit rating, with a long-term debt rating of A- from Standard & Poors. In 2020, Comcast announced the completion of its acquisition of Xumo, a free, ad-supported streaming service, which is expected to drive long-term growth.

Comcast's valuation metrics align with its media and entertainment industry peers. The company's price-to-earnings ratio and price-to-book are both lower than industry averages. Its strong financial performance and growth prospects drive the company's valuation, particularly in the streaming and broadband markets.

Comcast's stock has been on a declining trajectory for the past few years. The company's market capitalization is around $160 billion, down from $268 billion a few years ago. However, Comcast is still one of the largest media conglomerates in the world. The company's strong performance is driven by its lackluster performance and the continued trend of "cord-cutting." 

Comcast operates in the highly competitive media and telecommunications industry, characterized by rapidly changing technologies and shifting consumer preferences. The company faces intense competition from a range of players, including traditional cable providers, streaming services, and telecom companies.

One key advantage that Comcast has is its extensive infrastructure and network capabilities. The company has invested heavily in its broadband network and is well-positioned to continue delivering customers high-quality internet and other services. Additionally, the company has successfully leveraged its extensive content library to launch its streaming service, Peacock, which consumers have received well.

Comcast also faces some significant challenges in the industry. In recent years, there has been a trend toward cord-cutting as more consumers shift away from traditional cable and satellite television in favor of streaming services. This trend will likely continue in the coming years, and Comcast must adapt its offerings accordingly to remain competitive.

Comcast has several growth opportunities available to it in the coming years. One key area of focus for the company is the expansion of its streaming offerings. The launch of Peacock has been a promising start, and the company is likely to continue investing in this area to compete with other streaming giants like Netflix and Amazon.

Another area of focus for Comcast is its international expansion. The company has already made significant investments in Europe and plans to continue expanding its offerings in this region in the coming years. Additionally, the company's recent acquisition of DreamWorks Animation provides it with a significant foothold in the lucrative Chinese market, which is expected to be a key driver of growth for the company in the coming years.

Comcast faces a number of risks and challenges that could impact its future performance. One key challenge is the ongoing trend toward cord-cutting, which could affect the company's revenue from traditional cable and satellite television offerings. Rising interest rates and increasing competition in the streaming space could also threaten the company's financial performance.

Comcast must continue innovating and investing in new technologies and offerings to address these risks to remain competitive. The company will also need to focus on risk management strategies and ensure that it has adequate resources to weather any disruptions in the industry.

CMCSA Stock Price History

CMCSA Stock News Headlines

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Comcast (NASDAQ:CMCSA) Stock Price Up 0.4%
Comcast unveils $15 StreamSaver bundle
Comcast unveils $15 per month StreamSaver bundle
3 Blue-Chip Stocks Set to Triple Soon
Comcast (NASDAQ:CMCSA) Trading Down 0.3%
See More Headlines
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Company Calendar

Ex-Dividend for 4/24 Dividend
4/02/2024
Dividend Payable
4/24/2024
Last Earnings
4/25/2024
Today
5/28/2024
Ex-Dividend for 7/24 Dividend
7/03/2024
Dividend Payable
7/24/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
Cable & Satellite
Current Symbol
NASDAQ:CMCSA
CUSIP
20030N10
Fax
N/A
Employees
186,000
Year Founded
1963

Price Target and Rating

Average Stock Price Target
$49.33
High Stock Price Target
$58.00
Low Stock Price Target
$40.00
Potential Upside/Downside
+28.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
21 Analysts

Profitability

Net Income
$15.39 billion
Pretax Margin
16.68%

Debt

Sales & Book Value

Annual Sales
$121.94 billion
Cash Flow
$7.75 per share
Book Value
$20.95 per share

Miscellaneous

Outstanding Shares
3,923,626,000
Free Float
3,874,188,000
Market Cap
$151.22 billion
Optionable
Optionable
Beta
0.99

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CMCSA Stock Analysis - Frequently Asked Questions

Should I buy or sell Comcast stock right now?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Comcast in the last year. There are currently 10 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CMCSA shares.
View CMCSA analyst ratings
or view top-rated stocks.

What is Comcast's stock price target for 2024?

21 equities research analysts have issued 12-month target prices for Comcast's stock. Their CMCSA share price targets range from $40.00 to $58.00. On average, they expect the company's share price to reach $49.33 in the next year. This suggests a possible upside of 28.0% from the stock's current price.
View analysts price targets for CMCSA
or view top-rated stocks among Wall Street analysts.

How have CMCSA shares performed in 2024?

Comcast's stock was trading at $43.85 on January 1st, 2024. Since then, CMCSA shares have decreased by 12.1% and is now trading at $38.54.
View the best growth stocks for 2024 here
.

When is Comcast's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our CMCSA earnings forecast
.

How were Comcast's earnings last quarter?

Comcast Co. (NASDAQ:CMCSA) announced its quarterly earnings data on Thursday, April, 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The cable giant had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a trailing twelve-month return on equity of 20.10%. Comcast's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS.
Read the conference call transcript
.

How often does Comcast pay dividends? What is the dividend yield for Comcast?

Comcast declared a quarterly dividend on Wednesday, May 15th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share on Wednesday, July 24th. This represents a $1.24 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, July 3rd.
Read our dividend analysis for CMCSA
.

Is Comcast a good dividend stock?

Comcast (NASDAQ:CMCSA) pays an annual dividend of $1.24 per share and currently has a dividend yield of 3.22%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 32.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCSA will have a dividend payout ratio of 27.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMCSA.

When did Comcast's stock split?

Comcast shares split before market open on Monday, February 20th 2017. The 2-1 split was announced on Thursday, January 26th 2017. The newly created shares were distributed to shareholders after the market closes on Friday, February 17th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Brian L. Roberts' approval rating as Comcast's CEO?

4,762 employees have rated Comcast Chief Executive Officer Brian L. Roberts on Glassdoor.com. Brian L. Roberts has an approval rating of 85% among the company's employees.

Who are Comcast's major shareholders?

Comcast's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.55%), Capital International Investors (3.11%), Capital World Investors (2.95%), Capital Research Global Investors (1.03%), Bank of New York Mellon Corp (0.82%) and First Eagle Investment Management LLC (0.82%). Insiders that own company stock include Corp Comcast, Daniel C Murdock, David N Watson, Kenneth J Bacon, Kenneth J Bacon and Michael J Cavanagh.
View institutional ownership trends
.

How do I buy shares of Comcast?

Shares of CMCSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Comcast have any subsidiaries?
The following companies are subsidiares of Comcast: Adelphia Communications, American Cellular Network Corporation, Beijing International Resort Co. Ltd., BluVector, Blueface, Bravo Media LLC, BuddyTV, CNBC LLC, Comcast ABB Note Consolidation Inc., Comcast AG Holdings LLC, Comcast Bidco Holdings Limited, Comcast Bidco Limited, Comcast Broadband Security LLC, Comcast Business Communications LLC, Comcast Cable Communications LLC, Comcast Cable Communications Management LLC, Comcast Holdings Corporation, Comcast Hulu Holdings LLC, Comcast IP Phone LLC, Comcast Interactive Media LLC, Comcast OTR1 LLC, Comcast Spectacor Ventures, Comcast Spectacor Ventures LLC, Comcast Ventures LP, Comcast of Alabama LLC, Comcast of Arkansas/Louisiana/Minnesota/Mississippi/Tennessee LLC, Comcast of Baltimore City LLC, Comcast of Boston Inc., Comcast of California II LLC, Comcast of California III Inc., Comcast of California IX Inc., Comcast of California/Colorado LLC, Comcast of California/Colorado/Florida/Oregon Inc., Comcast of California/Colorado/Illinois/Indiana/Michigan LLC, Comcast of California/Maryland/Pennsylvania/Virginia/West Virginia LLC, Comcast of California/Massachusetts/Michigan/Utah LLC, Comcast of Chicago Inc., Comcast of Colorado IX LLC, Comcast of Colorado/Pennsylvania/West Virginia LLC, Comcast of Connecticut Inc., Comcast of Connecticut/Georgia/Massachusetts/New Hampshire/New York/North Carolina/Virginia/Vermont LLC, Comcast of Delmarva LLC, Comcast of Florida/Michigan/New Mexico/Pennsylvania/Washington LLC, Comcast of Fresno Inc., Comcast of Garden State L.P., Comcast of Georgia/Illinois/Michigan LLC, Comcast of Georgia/Massachusetts LLC, Comcast of Georgia/South Carolina LLC, Comcast of Houston LLC, Comcast of Illinois IV Inc., Comcast of Illinois VI LLC, Comcast of Illinois XI LLC, Comcast of Illinois XIII L.P., Comcast of Illinois/Indiana/Michigan LLC, Comcast of Illinois/Indiana/Ohio LLC, Comcast of Illinois/Ohio/Oregon LLC, Comcast of Illinois/West Virginia LLC, Comcast of Indiana/Kentucky/Utah LLC, Comcast of Indianapolis L.P., Comcast of Maine/New Hampshire Inc., Comcast of Maryland LLC, Comcast of Maryland Limited Partnership, Comcast of Massachusetts II Inc., Comcast of Massachusetts III Inc., Comcast of Massachusetts/Virginia Inc., Comcast of Minnesota Inc., Comcast of Minnesota/Wisconsin Inc., Comcast of Nashville I LLC, Comcast of Nashville II LLC, Comcast of New Jersey II LLC, Comcast of New Mexico LLC, Comcast of New Mexico/Pennsylvania LLC, Comcast of Oregon II Inc., Comcast of Philadelphia II LLC, Comcast of Potomac LLC, Comcast of Sacramento I LLC, Comcast of Sacramento II LLC, Comcast of South Jersey LLC, Comcast of Southeast Pennsylvania LLC, Comcast of Southern New England Inc., Comcast of Utah II Inc., Comcast of Virginia LLC, Comcast of the South, Contingent Network Services, DWA Holdings LLC, DailyCandy, Deep Blue Communications, DreamWorks Animation L.L.C., E! Entertainment Television LLC, Fandango, FreeWheel, Greater Philadelphia Cablevision, Jones Intercable, Lenfest Communications, MSNBC Cable L.L.C., MediaOne, Metrological, NBC Olympics LLC, NBC Sports Network L.P., NBC Sports Ventures LLC, NBC Stations Management LLC, NBC Subsidiary (WTVJ-TV) LLC, NBC West LLC, NBCU Television Holding LLC, NBCUniversal, NBCUniversal Enterprise Inc., NBCUniversal LLC, NBCUniversal Media LLC, NBCUniversal Shared Services LLC, Notion, OneTwoSee, Open 4 Business Productions LLC, Patriot Media and Communications, Plaxo, PowerCloud Systems, Radiance, Sky, Sky Deutschland Fernsehen GmbH & Co KG, Sky Italia S.r.l., Sky Italian Holdings S.p.A., Sky Limited, Sky Subscribers Services Limited, Sky Telecommunications Services Limited, Sky UK Limited, Stringify, TechTV, Telemundo Media LLC, Telemundo Network Group LLC, The700Level.com, This Technology Inc, TimeWarner Cable, USJ LLC, Universal City Development Partners Ltd., Universal City Studios LLC, Universal City Studios Productions LLLP, Universal Content Productions LLC, Universal Film Exchanges LLC, Universal Studios International B.V., Universal Studios LLC, Universal Studios Limited, Universal Television LLC, Universal Television Networks, Vehix, Visible World, Watchwith, Wilco Electronic Systems (Cable TV Business), XUMO, iControl Networks, and thePlatform.
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This page (NASDAQ:CMCSA) was last updated on 5/29/2024 by MarketBeat.com Staff

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