Comcast - CMCSA Stock Forecast, Price & News

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services. The Media segment operates NBCUniversal's television and streaming platforms, including national, regional, and international cable networks, the NBC and Telemundo broadcast, and Peacock networks. The Studios segment operates NBCUniversal's film and television studio production and distribution operations. The Theme Parks segment operates Universal theme parks in Orlando, Florida; Hollywood, California; Osaka, Japan; and Beijing, China. The Sky segment offers direct-to-consumer services, such as video, broadband, voice and wireless phone services, and content business operates entertainment networks, the Sky News broadcast network, and Sky Sports networks. The company also owns the Philadelphia Flyers, as well as the Wells Fargo Center arena in Philadelphia, Pennsylvania; and provides streaming service, such as Peacock. Comcast Corporation was founded in 1963 and is headquartered in Philadelphia, Pennsylvania.

Comcast Price Performance

Shares of CMCSA Stock opened at $38.96 on Thursday. Comcast has a twelve month low of $36.57 and a twelve month high of $61.80. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $40.25 and a two-hundred day simple moving average of $43.93. The stock has a market capitalization of $171.94 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.80 and a beta of 0.91.

Comcast (NASDAQ:CMCSA - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.09. The firm had revenue of $30.02 billion for the quarter, compared to the consensus estimate of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. On average, analysts predict that Comcast will post 3.62 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a yield of 2.77%. Comcast's dividend payout ratio (DPR) is 35.29%.

Analyst Ratings Changes

A number of brokerages recently commented on CMCSA. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $67.00 to $50.00 in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $62.00 to $60.00 in a research report on Friday, April 29th. Vertical Research lowered shares of Comcast to a "positive" rating in a report on Tuesday, July 5th. Daiwa Capital Markets began coverage on shares of Comcast in a report on Friday, July 1st. They set an "outperform" rating and a $43.00 price target on the stock. Finally, Cowen reduced their price objective on shares of Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $52.52.

Insiders Place Their Bets

In other Comcast news, CAO Daniel C. Murdock sold 8,929 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $44.50, for a total value of $397,340.50. Following the completion of the sale, the chief accounting officer now directly owns 1,817 shares in the company, valued at $80,856.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.11% of the company's stock.