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 Analysts Forecast Growth

Several research firms have weighed in on CMCSA. Vertical Research downgraded shares of Comcast to a "positive" rating in a research note on Tuesday, July 5th. Cowen lowered their price objective on shares of Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. Daiwa Capital Markets assumed coverage on shares of Comcast in a research note on Friday, July 1st. They set an "outperform" rating and a $43.00 price objective for the company. TheStreet downgraded shares of Comcast from a "b-" rating to a "c+" rating in a research note on Friday, July 29th. Finally, Pivotal Research lowered their price objective on shares of Comcast from $55.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $52.52.

Comcast Stock Down 1.7 %

NASDAQ:CMCSA traded down $0.66 during mid-day trading on Friday, hitting $38.27. The stock had a trading volume of 20,752,244 shares, compared to its average volume of 23,836,800. The stock has a 50-day simple moving average of $40.48 and a two-hundred day simple moving average of $44.09. The company has a market capitalization of $168.89 billion, a PE ratio of 12.51, a PEG ratio of 0.80 and a beta of 0.91. Comcast has a twelve month low of $36.57 and a twelve month high of $61.80. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 1.04.

Comcast (NASDAQ:CMCSA - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The cable giant reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.09. Comcast had a net margin of 11.54% and a return on equity of 16.67%. The company had revenue of $30.02 billion for the quarter, compared to analysts' expectations of $29.72 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Comcast will post 3.62 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced 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 is Tuesday, October 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.82%. Comcast's dividend payout ratio (DPR) is presently 35.29%.

Insider Transactions at Comcast

In other news, CAO Daniel C. Murdock sold 8,929 shares of the firm'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 transaction of $397,340.50. Following the transaction, the chief accounting officer now directly owns 1,817 shares in the company, valued at $80,856.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.11% of the company's stock.