Comcast Co. (CMCSA) Receives $44.00 Average Target Price from Brokerages

Comcast Co. (NASDAQ:CMCSA) has received a consensus rating of “Buy” from the twenty-nine analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $44.00.

CMCSA has been the topic of a number of recent analyst reports. Pivotal Research reissued a “buy” rating and issued a $45.00 price objective on shares of Comcast in a research report on Tuesday, June 26th. ValuEngine raised shares of Comcast from a “strong sell” rating to a “sell” rating in a research report on Friday, October 12th. Robert W. Baird dropped their price objective on shares of Comcast from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Monday, July 30th. Raymond James raised shares of Comcast from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 19th. Finally, Credit Suisse Group initiated coverage on shares of Comcast in a research report on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 price objective on the stock.

In related news, EVP Arthur R. Block sold 1,082 shares of the stock in a transaction on Monday, September 24th. The shares were sold at an average price of $35.94, for a total value of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at approximately $2,245,387.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $35.48, for a total transaction of $228,775.04. Following the transaction, the executive vice president now directly owns 74,644 shares in the company, valued at $2,648,369.12. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.

Institutional investors have recently modified their holdings of the business. WP Advisors LLC purchased a new position in Comcast during the 2nd quarter worth $105,000. Prentiss Smith & Co. Inc. grew its position in Comcast by 229.5% during the 2nd quarter. Prentiss Smith & Co. Inc. now owns 3,295 shares of the cable giant’s stock worth $108,000 after purchasing an additional 2,295 shares during the last quarter. IMA Wealth Inc. purchased a new position in Comcast during the 2nd quarter worth $108,000. Acropolis Investment Management LLC purchased a new position in Comcast during the 3rd quarter worth $126,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Comcast during the 2nd quarter worth $129,000. 80.15% of the stock is currently owned by institutional investors.

Comcast stock opened at $36.00 on Friday. The company has a market cap of $164.46 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.12 and a beta of 1.19. Comcast has a 52-week low of $30.43 and a 52-week high of $44.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.85 billion. Comcast had a net margin of 27.42% and a return on equity of 15.92%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. Equities analysts expect that Comcast will post 2.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 24th. Investors of record on Wednesday, October 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Tuesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 36.89%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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