Comcast (NASDAQ:CMCSA) Price Target Raised to $36.00

Comcast (NASDAQ:CMCSA) had its price target increased by Evercore from $35.00 to $36.00 in a research report issued on Friday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the cable giant’s stock. Evercore’s price objective suggests a potential upside of 22.23% from the company’s current price.

CMCSA has been the subject of a number of other research reports. Pivotal Research lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Comcast from a “buy” rating to a “hold” rating and set a $34.00 target price for the company. in a research report on Friday. BNP Paribas Exane decreased their target price on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating for the company in a research report on Wednesday, April 8th. Benchmark decreased their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Finally, Scotiabank decreased their target price on shares of Comcast from $35.25 to $34.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 1st. Nine research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Hold” and a consensus target price of $35.13.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $2.19 during trading hours on Friday, hitting $29.45. The stock had a trading volume of 3,732,290 shares, compared to its average volume of 32,797,797. The firm has a market capitalization of $105.96 billion, a price-to-earnings ratio of 5.49, a PEG ratio of 2.44 and a beta of 0.80. The stock’s fifty day simple moving average is $29.81 and its 200 day simple moving average is $29.11. Comcast has a 1-year low of $25.75 and a 1-year high of $36.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.06. The firm had revenue of $31.46 billion during the quarter, compared to analyst estimates of $30.42 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.09 EPS. Sell-side analysts anticipate that Comcast will post 3.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.32% of the company’s stock.

Institutional Investors Weigh In On Comcast

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its stake in Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after buying an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its stake in Comcast by 3.2% during the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares in the last quarter. United Bank lifted its stake in Comcast by 11.3% during the second quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after buying an additional 4,290 shares in the last quarter. HUB Investment Partners LLC lifted its stake in Comcast by 119.4% during the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after buying an additional 9,236 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in Comcast by 66.8% during the second quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock valued at $1,414,000 after buying an additional 15,865 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Q1 financial beat — Comcast reported adjusted EPS of $0.79 vs. $0.73 expected and revenue of $31.46B (vs. ~$30.4B est.), driven by advertising and content strength. This is the principal catalyst for the rally as top- and bottom-line beats reduce short-term uncertainty. Comcast beats estimates on sports boost, easing broadband losses
• Positive Sentiment: Sports-driven ad spike and content momentum — incremental ad revenue from the Milan Cortina Winter Olympics and Super Bowl LX materially boosted the Content segment and helped revenue growth. Winter Olympics and Super Bowl power Comcast’s Q1 ad sales spike
• Positive Sentiment: Connectivity trends improving — domestic residential broadband net losses narrowed (to ~65k) and Comcast added a large number of wireless lines (record mobile additions), signaling stabilization in core subscriber trends that investors view as a turning point. Comcast beats revenue, earnings expectations as broadband losses improve
• Positive Sentiment: Peacock and wireless monetization outlook — management expects Peacock to approach profitability next quarter and anticipates converting the majority of free wireless lines to paid in 2H 2026, suggesting future margin improvement. Comcast anticipates converting the significant majority of free wireless lines to paid in 2H
• Neutral Sentiment: New wireless plans / product expansion — Xfinity Mobile launched premium plans (Mobile Plus, Mobile Select) that could help ARPU and customer retention, but impact will be gradual. Xfinity Mobile Launches Mobile Plus and Mobile Select
• Neutral Sentiment: Valuation debate — DCF / P/E analyses have suggested potential upside versus the market price, which supports buy-side interest but depends on execution (broadband stabilization, Peacock profitability). Is Comcast (CMCSA) Offering Value After DCF And P/E Suggest Large Upside To Fair Value?
• Negative Sentiment: Longer-term subscriber pressure and share drag — despite improvement this quarter, Comcast’s stock has been pressured by a year-long decline tied to persistent broadband subscriber losses; investors will watch whether the improvement sustains. Comcast Stock Is in a Slump. Earnings Must Show Its Subscriber Exodus Is Slowing.
• Negative Sentiment: Insider/institutional flows — recent filings show notable institutional position changes and some insider selling; while not unusual, these actions can weigh on sentiment if execution slips. Comcast shares jump as Q1 results top expectations and broadband losses improve

Comcast Company Profile

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.