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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CMCSA shares. Redburn Partners lowered shares of Comcast from a "buy" rating to a "neutral" rating in a report on Friday. TD Securities increased their target price on shares of Comcast from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Friday, July 29th. Benchmark dropped their target price on Comcast from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $62.00 to $60.00 in a research report on Friday, April 29th. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and cut their price objective for the company from $67.00 to $50.00 in a research report on Friday, April 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Comcast has an average rating of "Hold" and a consensus price target of $52.52.

Comcast Stock Up 2.7 %

Shares of NASDAQ:CMCSA traded up $1.02 during midday trading on Monday, hitting $39.29. 223,378 shares of the company's stock were exchanged, compared to its average volume of 23,472,770. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.44. Comcast has a twelve month low of $36.57 and a twelve month high of $61.80. The firm's fifty day simple moving average is $40.48 and its 200-day simple moving average is $44.05. The company has a market cap of $178.11 billion, a PE ratio of 12.51, a P/E/G ratio of 0.80 and a beta of 0.91.

Comcast (NASDAQ:CMCSA - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.09. The firm had revenue of $30.02 billion for 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 business's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $0.84 earnings per share. Research analysts predict that Comcast will post 3.62 EPS for the current fiscal year.

Comcast Dividend Announcement

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 given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.75%. Comcast's payout ratio is 35.29%.

Insider Buying and Selling at Comcast

In other Comcast news, CAO Daniel C. Murdock sold 8,929 shares of the firm's stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $44.50, for a total transaction of $397,340.50. Following the completion of the transaction, the chief accounting officer now directly owns 1,817 shares in the company, valued at approximately $80,856.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.11% of the stock is owned by corporate insiders.