NASDAQ:CMCSA

Comcast - CMCSA Stock Forecast, Price & News

$38.61

+0.45 (+1.18%)

(As of 08/10/2022 10:58 AM ET)

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Today's Range: $38.46
▼
$39.04
50-Day Range: $37.51
▼
$43.93
52-Week Range: $36.57
▼
$61.80

Volume: 244,857 shs
Average Volume: 23.54 million shs
Market Capitalization: $170.40 billion

P/E Ratio: 12.62
Dividend Yield: 2.80%
Price Target: $52.52

Comcast MarketRank™ Forecast

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 35.2% Upside
$52.52 Price Target
Short Interest: Healthy
1.53% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.79
Upright™ Environmental Score
News Sentiment: 0.12
Based on 19 Articles This Week
Insider Trading: Selling Shares
$397,340 Sold Last Quarter
Proj. Earnings Growth: 10.77%
From $3.62 to $4.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.60 out of 5 stars

Consumer Discretionary Sector

1st out of 287 stocks

Cable & Other Pay Television Services Industry

1st out of 20 stocks

4.2

Analyst's Opinion

Consensus Rating
Comcast has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 12 buy ratings, 9 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.52, Comcast has a forecasted upside of 35.2% from its current price of $38.86.
Amount of Analyst Coverage
Comcast has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.53% of the float of Comcast has been sold short.
Short Interest Ratio / Days to Cover
Comcast has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Comcast has recently increased by 4.18%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Yield
Comcast pays a meaningful dividend of 2.80%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Comcast has been increasing its dividend for 16 years.
Dividend Coverage
The dividend payout ratio of Comcast is 35.29%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Comcast will have a dividend payout ratio of 26.93% next year. This indicates that Comcast will be able to sustain or increase its dividend.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Comcast has received a 39.00% net impact score from Upright. Comcast seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Mobile consumer internet provision", "Fixed consumer internet provision", and "Mobile telephony services" products. See details.
Environmental Sustainability
The Environmental Impact score for Comcast is -0.79.

2.8

News and Social Media Coverage

News Sentiment
Comcast has a news sentiment score of 0.12. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.39 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Comcast this week, compared to 12 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 4 reddit mentions for Comcast this week, compared to 2 mentions on an average week.
Search Interest
49 people have searched for CMCSA on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.
MarketBeat Follows
86 people have added Comcast to their MarketBeat watchlist in the last 30 days. This is an increase of 219% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Comcast insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $397,340.00 in company stock.
Percentage Held by Insiders
Only 1.11% of the stock of Comcast is held by insiders.
Percentage Held by Institutions
83.33% of the stock of Comcast is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Comcast are expected to grow by 10.77% in the coming year, from $3.62 to $4.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Comcast is 12.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Comcast is 12.70, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.97.
Price to Earnings Growth Ratio
Comcast has a PEG Ratio of 0.80. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Comcast has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Comcast (NASDAQ:CMCSA) Stock

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 Stock Performance

Shares of CMCSA Stock opened at $38.16 on Wednesday. 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 stock has a market cap of $168.41 billion, a PE ratio of 12.47, a P/E/G ratio of 0.80 and a beta of 0.91. Comcast has a 1 year low of $36.57 and a 1 year high of $61.80. The stock has a fifty day moving average price of $40.25 and a 200 day moving average price of $43.93.

Comcast (NASDAQ:CMCSA - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 EPS for the quarter, topping 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 business had revenue of $30.02 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same period in the previous year, the firm earned $0.84 EPS. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts forecast that Comcast will post 3.62 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.83%. Comcast's dividend payout ratio (DPR) is 35.29%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMCSA. Vertical Research cut Comcast to a "positive" rating in a research note on Tuesday, July 5th. Rosenblatt Securities decreased their price target on shares of Comcast from $40.00 to $38.00 and set a "neutral" rating for the company in a research note on Monday, August 1st. Cowen reduced their target price on shares of Comcast from $60.00 to $51.00 in a report on Friday, July 29th. Raymond James reissued a "hold" rating on shares of Comcast in a report on Friday, July 8th. Finally, StockNews.com downgraded Comcast from a "strong-buy" rating to a "buy" rating in a research note on Monday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.52.

Insider Buying and Selling

In other news, CAO Daniel C. Murdock sold 8,929 shares of the company's stock in a transaction 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 sale, the chief accounting officer now directly owns 1,817 shares in the company, valued at $80,856.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.11% of the company's stock.

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CMCSA Stock News Headlines

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August 3, 2022 | cnbc.com

Comcast and Charter may need new focus as broadband growth stalls amid competition - CNBC

August 3, 2022 | americanbankingnews.com

Comcast Co. Forecasted to Post FY2022 Earnings of $3.64 Per Share (NASDAQ:CMCSA)

August 3, 2022 | americanbankingnews.com

Comcast (NASDAQ:CMCSA) PT Lowered to $38.00

August 3, 2022 | americanbankingnews.com

Comcast (NASDAQ:CMCSA) PT Lowered to $38.00

August 2, 2022 | finance.yahoo.com

Is It Time to Sell Comcast Stock?

August 2, 2022 | forbes.com

With Broadband Growth Elusive, What’s Next For Comcast Stock? - Forbes

August 2, 2022 | americanbankingnews.com

Comcast (NASDAQ:CMCSA) Price Target Cut to $51.00 by Analysts at Cowen

August 2, 2022 | americanbankingnews.com

Comcast (NASDAQ:CMCSA) Downgraded by Barclays to "Equal Weight"

August 2, 2022 | americanbankingnews.com

Comcast (NASDAQ:CMCSA) Lowered to "Neutral" at JPMorgan Chase & Co.