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.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Cowen reduced their target price on Comcast from $60.00 to $51.00 in a report on Friday, July 29th. Rosenblatt Securities reduced their target price on Comcast from $40.00 to $38.00 and set a "neutral" rating on the stock in a report on Monday, August 1st. Wolfe Research downgraded Comcast from a "market perform" rating to an "underperform" rating and set a $39.00 target price on the stock. in a report on Friday, July 29th. Benchmark reduced their target price on Comcast from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, June 2nd. Finally, Raymond James reaffirmed a "hold" rating on shares of Comcast in a report on Friday, July 8th. Three equities 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.com, Comcast presently has an average rating of "Hold" and an average price target of $52.52.

Comcast Stock Performance

Shares of Comcast stock opened at $39.40 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.44. The business has a 50-day simple moving average of $40.15 and a 200 day simple moving average of $43.90. The firm has a market capitalization of $173.88 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.79 and a beta of 0.91. Comcast has a one year low of $36.57 and a one year high of $61.80.

Comcast (NASDAQ:CMCSA - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.09. The firm had revenue of $30.02 billion during the quarter, compared to analyst estimates of $29.72 billion. Comcast had a return on equity of 16.67% and a net margin of 11.54%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS. On average, research analysts anticipate that Comcast will post 3.63 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Tuesday, October 4th. Comcast's dividend payout ratio is currently 35.29%.

Insiders Place Their Bets

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