Comcast Corporation (NASDAQ:CMCSA) Stock Has Average Price Target of $32.69 According to Analysts

Comcast Corporation (NASDAQ:CMCSA) has been assigned a consensus recommendation of “Hold” from the twenty-eight ratings firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.13.

A number of research firms have recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th. New Street Research lowered their price target on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Sanford C. Bernstein restated a “market perform” rating and issued a $28.00 price target on shares of Comcast in a research note on Monday, July 13th. Barclays set a $26.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada set a $26.00 price objective on shares of Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th.

Institutional Trading of Comcast

Several hedge funds have recently bought and sold shares of CMCSA. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Comcast in the fourth quarter worth about $27,000. Whipplewood Advisors LLC increased its position in Comcast by 75.5% in the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after purchasing an additional 401 shares during the last quarter. Main Street Group LTD bought a new stake in Comcast in the first quarter worth $27,000. Provenance Wealth Advisors LLC purchased a new stake in Comcast during the first quarter valued at $30,000. Finally, Monetary Solutions Ltd bought a new position in Comcast during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.5%

Shares of Comcast stock opened at $21.79 on Tuesday. The company has a market capitalization of $77.32 billion, a P/E ratio of 7.05, a P/E/G ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. The company has a fifty day moving average of $24.87 and a 200 day moving average of $25.60. Comcast has a fifty-two week low of $21.28 and a fifty-two week high of $32.85.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The business had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the business posted $1.25 EPS. Comcast’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast will post 3.48 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is presently 42.72%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.