Comcast’s (CMCSA) Buy Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note published on Monday,Benzinga reports. They currently have a $31.00 price target on the cable giant’s stock.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th. Citigroup reduced their price objective on Comcast from $30.00 to $27.50 and set a “buy” rating on the stock in a research report on Thursday, September 24th. Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and decreased their price objective for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. The Goldman Sachs Group dropped their target price on Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, July 2nd. Finally, New Street Research cut their target price on Comcast from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, June 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.81.

Comcast Stock Down 1.3%

Shares of NASDAQ:CMCSA opened at $22.08 on Monday. The firm has a market capitalization of $78.35 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 1.60 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. Comcast has a 52-week low of $20.48 and a 52-week high of $32.85. The firm has a fifty day moving average of $23.94 and a 200 day moving average of $24.68.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, research analysts anticipate that Comcast will post 3.49 EPS for the current fiscal year.

Institutional Trading of Comcast

Several large investors have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in shares of Comcast by 10.2% in 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 purchasing an additional 3,783,234 shares during the period. Dimensional Fund Advisors LP raised its holdings in Comcast by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 29,461,308 shares of the cable giant’s stock valued at $845,919,000 after buying an additional 507,097 shares during the period. First Trust Advisors LP raised its holdings in Comcast by 4.9% during the 1st quarter. First Trust Advisors LP now owns 13,592,149 shares of the cable giant’s stock valued at $390,231,000 after buying an additional 630,902 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its position 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 worth $333,509,000 after buying an additional 10,359,800 shares during the last quarter. Finally, Swiss National Bank lifted its position in Comcast by 5.7% in the first quarter. Swiss National Bank now owns 10,666,200 shares of the cable giant’s stock worth $306,227,000 after buying an additional 574,300 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast trades at roughly six times earnings and offers a dividend yield near 6%, which could appeal to income-oriented and value investors. A potential spinoff may also unlock value if the separated businesses improve their strategic positioning. Comcast Trades at 6 Times Earnings and Yields 6%
• Positive Sentiment: Recent institutional activity was mixed but included sizeable purchases by Invesco, Arrowstreet Capital, JPMorgan and Capital Research, suggesting some large investors view CMCSA’s depressed valuation as attractive.
• Neutral Sentiment: Investors are awaiting third-quarter results, with broadband subscriber trends, revenue, margins and management’s outlook expected to be the main catalysts. Comcast is scheduled to report on October 22. Comcast Q3 2026 Earnings Preview
• Negative Sentiment: Comcast is reportedly planning significant job cuts as part of a restructuring of its cable-TV, broadband and wireless operations. While the reductions could lower costs, they also signal pressure on the company’s core businesses. Comcast Planning Significant Job Cuts
• Negative Sentiment: Management previously indicated that third-quarter broadband subscriber losses were unlikely to improve year over year, amid aggressive, low-priced fiber competition. Investor concerns about another weak broadband quarter have weighed on the stock. Comcast Falls as Investors Brace for Another Tough Broadband Quarter
• Negative Sentiment: Options activity also reflected bearish positioning, with put purchases more than doubling the average daily volume on October 20.

About Comcast

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.