TD Cowen Has Lowered Expectations for Comcast (NASDAQ:CMCSA) Stock Price

Comcast (NASDAQ:CMCSA) had its target price lowered by equities research analysts at TD Cowen from $39.00 to $36.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the cable giant’s stock. TD Cowen‘s price objective suggests a potential upside of 57.62% from the company’s current price.

Several other research analysts also recently issued reports on CMCSA. Scotiabank reduced their price target on shares of Comcast from $29.00 to $27.50 and set a “sector perform” rating on the stock in a research report on Friday, October 2nd. Barclays set a $24.00 target price on shares of Comcast and gave the stock an “equal weight” rating in a research note on Tuesday, September 29th. New Street Research reduced their target price on shares of Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Raymond James Financial reissued a “market perform” rating on shares of Comcast in a research note on Friday, October 2nd. Finally, Morgan Stanley reduced their price objective on Comcast from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Eleven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.58.

Comcast Trading Up 3.4%

Shares of CMCSA opened at $22.84 on Friday. The stock has a fifty day moving average price of $23.87 and a two-hundred day moving average price of $24.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80. Comcast has a 52-week low of $20.48 and a 52-week high of $32.85. The company has a market cap of $81.05 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.58 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 22nd. The cable giant reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The company had revenue of $29.30 billion for the quarter, compared to analysts’ expectations of $29.22 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts predict that Comcast will post 3.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Comcast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Comcast by 824.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock valued at $333,509,000 after buying an additional 10,359,800 shares during the period. Nykredit A S acquired a new position in shares of Comcast during the 2nd quarter worth about $185,237,000. Cullen Capital Management LLC acquired a new position in shares of Comcast during the 2nd quarter worth about $129,801,000. Bank of America Corp DE grew its position in shares of Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after buying an additional 3,783,234 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Comcast by 34.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,634,612 shares of the cable giant’s stock valued at $209,649,000 after acquiring an additional 2,464,361 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Key Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted earnings of $1.07 per share, above the roughly $0.99 analyst consensus. Revenue of $29.3 billion was also slightly ahead of expectations, providing support for the stock despite year-over-year declines. Comcast Q3 earnings beat
• Positive Sentiment: Peacock reached profitability, wireless trial conversions improved—with about 70% converting to paid accounts—and Universal’s strong film performance helped offset pressure in connectivity. These results support management’s strategy to separate NBCUniversal’s media assets from the broadband, pay-TV and wireless operations. Comcast earnings and media results
• Positive Sentiment: The board declared a quarterly dividend of $0.33 per share, or $1.32 annually, reinforcing Comcast’s income appeal while the company trades at a low earnings multiple. Comcast dividend announcement
• Neutral Sentiment: Management is preparing to separate NBCUniversal from the connectivity business. Executives described employee enthusiasm for the planned split, but investors are still assessing the financial and strategic impact of the transaction. Comcast NBCUniversal split
• Negative Sentiment: Broadband and residential video customer losses remain the principal concern. Comcast faces aggressive fiber pricing and growing satellite competition, prompting Goldman Sachs and Citi to reduce their price targets. Comcast target cuts and broadband losses
• Negative Sentiment: Revenue fell 6.1% year over year and adjusted earnings declined from $1.12 per share. Comcast also expects a fourth-quarter restructuring charge exceeding $1 billion, including layoffs, which will weigh on near-term results. Comcast restructuring charge

Comcast Company Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.