Comcast Corporation (NASDAQ:CMCSA) Given Average Rating of “Hold” by Brokerages

Shares of Comcast Corporation (NASDAQ:CMCSA) have earned an average rating of “Hold” from the twenty-eight research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $32.9615.

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $31.00 price target on shares of Comcast in a research report on Friday, July 24th. Scotiabank set a $29.00 price objective on shares of Comcast in a report on Friday, July 24th. New Street Research decreased 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. Finally, BNP Paribas Exane dropped their price target on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th.

Comcast Stock Performance

NASDAQ:CMCSA opened at $26.65 on Friday. The stock has a 50 day simple moving average of $24.79 and a 200 day simple moving average of $26.49. The stock has a market cap of $94.57 billion, a P/E ratio of 8.62, a PEG ratio of 1.91 and a beta of 0.68. Comcast has a 1-year low of $21.28 and a 1-year high of $34.45. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.94.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. Research analysts anticipate that Comcast will post 3.52 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s dividend payout ratio (DPR) is 42.72%.

Institutional Trading of Comcast

Several large investors have recently modified their holdings of the stock. Allied Private Wealth LLC bought a new position in shares of Comcast in the second quarter worth $26,000. Imprint Wealth LLC bought a new stake in Comcast during the third quarter worth about $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Comcast during the fourth quarter worth about $27,000. Whipplewood Advisors LLC grew its stake in Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after buying an additional 401 shares in the last quarter. Finally, Main Street Group LTD bought a new position in Comcast in the 1st quarter valued at about $27,000. 84.32% of the stock is owned by institutional investors and hedge funds.

About Comcast

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.