Weekly Analyst Ratings Updates for Comcast (CMCSA)

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Several analysts recently updated their ratings and price targets to Comcast (NASDAQ: CMCSA):

  • 06/10/2022 – Comcast has been upgraded by StockNews.com analysts from a “buy” rating to a “strong buy” rating.
  • 02/06/2022 – Comcast has been downgraded by analysts at Wolfe Research from an “outperforming” rating to a “peer performing” rating. They now have a price target of $50.00 on the stock, down from $63.00 previously.
  • 06/02/2022 – Comcast has been downgraded by StockNews.com analysts from a “Strong Buy” rating to a “Buy” rating.
  • 6/2/2022 – Comcast has had its price target lowered by Benchmark Co. analysts from $65.00 to $60.00. They now have a “buy” rating on the stock.
  • 05/12/2022 – Comcast has been upgraded by StockNews.com analysts from a “buy” rating to a “strong buy” rating.
  • 04/29/2022 – Comcast has been downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a price target of $50.00 on the stock, down from $67.00 previously.
  • 04/29/2022 – Comcast has had its price target lowered by TD Securities analysts from $70.00 to $65.00. They now have a “buy” rating on the stock.
  • 04/29/2022 – Comcast has had its price target lowered by Morgan Stanley analysts from $60.00 to $55.00.
  • 04/29/2022 – Comcast has had its price target lowered by Deutsche Bank Aktiengesellschaft analysts from $62.00 to $60.00.
  • 04/29/2022 – Comcast has had its price target lowered by analysts at JPMorgan Chase & Co. from $60.00 to $52.00.
  • 04/29/2022 – Comcast has had its price target lowered by analysts at Barclays PLC from $56.00 to $48.00.
  • 04/28/2022 – Comcast has had its price target lowered by Pivotal Research analysts from $62.00 to $57.00.
  • 04/19/2022 – Comcast is now covered by analysts at Rosenblatt Securities. They set a “neutral” rating and a price target of $51.00 on the stock.

Comcast stock opened at $40.20 on Tuesday. The company has a debt ratio of 1.02, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $182.24 billion, a price-to-earnings ratio of 12.97, a growth price-to-earnings ratio of 0.87, and a beta of 0.96. Comcast Co. has a 1-year minimum of $39.47 and a 1-year maximum of $61.80. The company’s 50-day moving average price is $43.68 and its two-hundred-day moving average price is $46.86.

Comcast (NASDAQ:CMCSA – Get Rating) last released quarterly earnings data on Thursday, April 28. The cable giant reported earnings per share of $0.86 for the quarter, beating the consensus estimate of $0.80 by $0.06. Comcast had a net margin of 11.96% and a return on equity of 15.92%. The company posted revenue of $31.01 billion for the quarter, versus $30.40 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.76. The company’s quarterly revenue increased by 14.0% compared to the same quarter last year. As a group, stock analysts predict Comcast Co. will post 3.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 27. Investors of record on Wednesday, July 6 will receive a dividend of $0.27. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $1.08 and a yield of 2.69%. Comcast’s dividend payout ratio (DPR) is currently 34.84%.

Separately, CAO Daniel C. Murdock sold 8,929 shares of the company in a trade dated Friday, May 27. The shares were sold at an average price of $44.50, for a total transaction of $397,340.50. As a result of the transaction, the accounting chief now owns 1,817 shares of the company, valued at approximately $80,856.50. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Insiders of the company own 1.11% of the shares of the company.

Institutional investors and hedge funds have recently changed their positions in the company. Morgan Stanley increased its position in Comcast shares by 10.9% in the second quarter. Morgan Stanley now owns 40,850,065 shares of the cable giant worth $2,329,271,000 after buying an additional 3,998,777 shares in the last quarter. Keudell Morrison Wealth Management increased its position in Comcast shares by 1.5% in the third quarter. Keudell Morrison Wealth Management now owns 27,615 shares of the cable giant worth $1,545,000 after buying 411 additional shares in the last quarter. Tudor Investment Corp Et Al increased its position in Comcast shares by 1.3% in the third quarter. Tudor Investment Corp Et Al now owns 104,726 shares of the cable giant worth $5,857,000 after buying an additional 1,356 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Comcast by 22.4% during the third quarter. Cubist Systematic Strategies LLC now owns 83,676 shares of the cable giant worth $4,680,000 after purchasing an additional 15,338 shares during the period. Finally, NorthCoast Asset Management LLC increased its stake in Comcast by 28.2% during the 3rd quarter. NorthCoast Asset Management LLC now owns 90,838 shares of the cable giant worth $5,083,000 after purchasing an additional 19,979 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s shares.

Comcast Corporation operates as a worldwide media and technology company. It operates through Cable Communications, Media, Studios, Theme Parks and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless and other services to residential and business customers under the Xfinity brand; and advertising services.

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