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

Several brokerages recently commented on CMCSA. Cowen reduced their target price on Comcast from $60.00 to $51.00 in a report on Friday, July 29th. Benchmark decreased their price objective on shares of Comcast from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, June 2nd. Cowen dropped their price target on Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. Redburn Partners lowered shares of Comcast from a "buy" rating to a "neutral" rating in a research note on Friday, August 5th. Finally, Pivotal Research cut their target price on shares of Comcast from $55.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $52.17.

Comcast Stock Performance

CMCSA traded up $0.07 during trading hours on Friday, hitting $38.68. The stock had a trading volume of 19,662,016 shares, compared to its average volume of 23,323,287. Comcast has a 1 year low of $36.57 and a 1 year high of $61.80. The company's fifty day simple moving average is $39.78 and its 200 day simple moving average is $43.49. The stock has a market cap of $170.70 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.81 and a beta of 0.91. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 1.04.

Comcast (NASDAQ:CMCSA - Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The company had revenue of $30.02 billion during the quarter, compared to analysts' expectations of $29.72 billion. Comcast had a return on equity of 16.67% and a net margin of 11.54%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. Equities analysts anticipate that Comcast will post 3.63 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Stockholders 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 dividend yield of 2.79%. Comcast's dividend payout ratio (DPR) is presently 35.29%.

Insiders Place Their Bets

In related 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 completion of the sale, the chief accounting officer now owns 1,817 shares in the company, valued at approximately $80,856.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.11% of the company's stock.