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 research analysts have recently weighed in on CMCSA shares. Raymond James reiterated a "hold" rating on shares of Comcast in a research note on Friday, July 8th. Benchmark reduced their target price on shares of Comcast from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Thursday, June 2nd. Cowen dropped their price target on shares of Comcast from $60.00 to $51.00 in a research note on Friday, July 29th. TD Securities lifted their price objective on shares of Comcast from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Friday, July 29th. Finally, Macquarie downgraded Comcast from a "neutral" rating to an "underperform" rating and dropped their target price for the stock from $40.00 to $33.00 in a research report on Friday, July 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Comcast has a consensus rating of "Hold" and an average target price of $52.17.

Comcast Price Performance

Shares of Comcast stock opened at $39.26 on Thursday. The firm has a market capitalization of $173.26 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 0.84 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 has a 12 month low of $36.57 and a 12 month high of $61.80. The business's 50-day moving average price is $39.85 and its 200-day moving average price is $43.57.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.75%. The ex-dividend date is Tuesday, October 4th. Comcast's dividend payout ratio is presently 35.29%.

Insider Buying and Selling at Comcast

In other news, CAO Daniel C. Murdock sold 8,929 shares of Comcast stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $44.50, for a total value of $397,340.50. Following the transaction, the chief accounting officer now owns 1,817 shares in the company, valued at $80,856.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.11% of the company's stock.