Comcast Corporation (NASDAQ:CMCSA) Receives Average Rating of “Hold” from Brokerages

Comcast Corporation (NASDAQ:CMCSA) has been assigned an average recommendation of “Hold” from the thirty-three analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.9167.

CMCSA has been the subject of several research analyst reports. Sanford C. Bernstein dropped their price target on shares of Comcast from $36.00 to $34.00 and set a “market perform” rating for the company in a research report on Friday, October 31st. BNP Paribas Exane boosted their price objective on shares of Comcast from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. KeyCorp downgraded Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Benchmark cut their target price on Comcast from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Pivotal Research reduced their target price on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 31st.

Comcast Stock Performance

NASDAQ CMCSA opened at $29.66 on Friday. The business’s 50-day moving average price is $28.01 and its 200 day moving average price is $31.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast has a twelve month low of $25.75 and a twelve month high of $38.40. The company has a market capitalization of $108.08 billion, a PE ratio of 4.94, a price-to-earnings-growth ratio of 2.04 and a beta of 0.83.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. On average, research analysts predict that Comcast will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s payout ratio is currently 21.96%.

Institutional Trading of Comcast

A number of institutional investors and hedge funds have recently bought and sold shares of CMCSA. Capital A Wealth Management LLC increased its position in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after acquiring an additional 436 shares in the last quarter. Imprint Wealth LLC purchased a new stake in Comcast during the 3rd quarter worth $26,000. Cranbrook Wealth Management LLC boosted its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC increased its holdings in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares in the last quarter. Finally, Avalon Trust Co increased its holdings in Comcast by 433.3% in the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.