Shares of Comcast Co. (NASDAQ:CMCSA – Get Free Report) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $45.58.
Several research firms recently issued reports on CMCSA. Macquarie reissued a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. Barclays cut their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, Evercore ISI decreased their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd.
Read Our Latest Research Report on CMCSA
Institutional Investors Weigh In On Comcast
Comcast Stock Performance
NASDAQ:CMCSA opened at $41.65 on Tuesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The business has a 50 day moving average price of $40.44 and a 200-day moving average price of $39.45. The firm has a market cap of $163.42 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. Equities research analysts predict that Comcast will post 4.23 earnings per share for the current year.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.
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