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 Ratings Changes

Several brokerages have recently weighed in on CMCSA. TD Securities upped their price objective on Comcast from $60.00 to $62.00 and gave the company a "buy" rating in a report on Friday, July 29th. Morgan Stanley lowered their price objective on shares of Comcast from $60.00 to $55.00 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $62.00 to $60.00 in a research note on Friday, April 29th. TheStreet cut Comcast from a "b-" rating to a "c+" rating in a report on Friday, July 29th. Finally, Cowen reduced their price objective on Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.52.

Comcast Stock Up 1.5 %

NASDAQ:CMCSA traded up $0.60 during trading on Friday, reaching $40.00. The company's stock had a trading volume of 16,930,424 shares, compared to its average volume of 23,595,512. The business has a 50-day moving average price of $40.00 and a 200-day moving average price of $43.75. Comcast has a 1-year low of $36.57 and a 1-year high of $61.80. The stock has a market capitalization of $176.53 billion, a PE ratio of 13.07, a PEG ratio of 0.82 and a beta of 0.91. 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 (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $30.02 billion during the quarter, compared to analyst estimates of $29.72 billion. Comcast had a net margin of 11.54% and a return on equity of 16.67%. Comcast's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. On average, research analysts forecast that Comcast will post 3.63 earnings per share for the current fiscal 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 paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.70%. 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 business's stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this link. 1.11% of the stock is currently owned by insiders.