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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CMCSA. Oppenheimer decreased their target price on shares of Comcast from $75.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, April 14th. Wolfe Research lowered shares of Comcast from a "market perform" rating to an "underperform" rating and set a $39.00 price target on the stock. in a research report on Friday, July 29th. Barclays lowered shares of Comcast from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $48.00 to $42.00 in a research report on Monday, August 1st. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and reduced their price target for the company from $67.00 to $50.00 in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $62.00 to $60.00 in a research report on Friday, April 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $52.52.

Comcast Stock Up 0.8 %

Shares of NASDAQ:CMCSA opened at $38.59 on Tuesday. Comcast has a 52 week low of $36.57 and a 52 week high of $61.80. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.44 and a current ratio of 0.88. The company has a market capitalization of $170.31 billion, a PE ratio of 12.61, a PEG ratio of 0.80 and a beta of 0.91. The company has a 50 day moving average price of $40.37 and a two-hundred day moving average price of $43.97.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, October 4th. Comcast's dividend payout ratio (DPR) is presently 35.29%.

Insider Activity

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