Comcast Corporation (CMCSA) – What Are Analysts Saying About This Stock?

Shares of Comcast Corporation (NASDAQ:CMCSA) have earned an average recommendation of “Hold” from the twenty-nine analysts that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $30.58.

CMCSA has been the topic of several recent analyst reports. Seaport Research Partners upgraded shares of Comcast from a “neutral” rating to a “buy” rating in a report on Thursday, July 2nd. Bank of America reissued a “buy” rating and set a $35.00 target price (down from $37.00) on shares of Comcast in a research report on Wednesday, September 16th. Raymond James Financial restated a “market perform” rating on shares of Comcast in a research note on Friday, October 2nd. Zacks Research cut shares of Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. Finally, KeyCorp downgraded shares of Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 price objective for the company. in a research note on Thursday, September 24th.

Key Stories Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted earnings of $1.07 per share, above the roughly $0.99 analyst consensus, while revenue of $29.3 billion was broadly in line with expectations. Wireless growth, improved Peacock profitability and strong film performance helped offset weakness elsewhere. Comcast beats earnings expectations as media revenue offsets weakness in connectivity
• Positive Sentiment: Management said approximately 70% of wireless trial lines converted to paid accounts, indicating that the wireless business may be gaining traction as Comcast seeks to diversify beyond broadband. Peacock also reached profitability, supporting momentum ahead of the planned NBCUniversal spinoff. Comcast: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Comcast declared a quarterly dividend of $0.33 per share, or $1.32 annually, offering an approximately 5.8% yield based on the reported share price. The payout may appeal to income-oriented investors, although the yield also reflects broader concerns about the stock’s growth outlook. Comcast Declares Quarterly Dividend
• Neutral Sentiment: The proposed separation of NBCUniversal from Comcast’s broadband, pay-TV and wireless operations could unlock value by allowing each business to pursue a more focused strategy. However, execution and the final structure of the transaction remain important uncertainties. Comcast Co-CEO Brian Roberts Touts Staffers’ Energy and Excitement About Pending NBCUniversal Split
• Negative Sentiment: Domestic broadband and video subscriber losses continued, with satellite and other competitors intensifying pressure on Comcast’s core connectivity business. Revenue fell about 6% year over year, and adjusted earnings declined from the prior-year quarter despite the EPS beat. Comcast broadband losses deepen as competition pressures core business
• Negative Sentiment: Comcast expects a fourth-quarter restructuring charge exceeding $1 billion, including layoffs, as it overhauls its connectivity operations. Analysts including TD Cowen, Goldman Sachs and Citi lowered price targets, underscoring investor concern that broadband weakness may persist. Comcast Flags $1 Billion Q4 Charge for Layoffs and Restructuring

Comcast Stock Down 0.7%

CMCSA stock traded down $0.15 on Friday, hitting $22.69. 31,333,087 shares of the company’s stock were exchanged, compared to its average volume of 31,472,736. Comcast has a 12-month low of $20.48 and a 12-month high of $32.85. The firm has a 50 day moving average price of $23.80 and a two-hundred day moving average price of $24.63. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.80 and a current ratio of 0.82. The stock has a market cap of $80.52 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 1.64 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.08. The company had revenue of $29.30 billion for the quarter, compared to analyst estimates of $29.22 billion. Comcast had a return on equity of 14.64% and a net margin of 9.20%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS. As a group, equities research analysts expect that Comcast will post 3.49 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 27th. Investors of record on Wednesday, January 6th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, January 6th. Comcast’s dividend payout ratio is presently 42.72%.

Institutional Trading of Comcast

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC boosted its stake in shares of Comcast by 6.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 13,683 shares of the cable giant’s stock worth $298,000 after acquiring an additional 807 shares during the last quarter. Sigma Planning Corp increased its position in shares of Comcast by 131.9% during the third quarter. Sigma Planning Corp now owns 59,645 shares of the cable giant’s stock worth $1,300,000 after purchasing an additional 33,926 shares in the last quarter. Provident Investment Management Inc. increased its position in shares of Comcast by 20.5% during the third quarter. Provident Investment Management Inc. now owns 42,475 shares of the cable giant’s stock worth $924,000 after purchasing an additional 7,215 shares in the last quarter. Radnor Capital Management LLC raised its stake in Comcast by 2.9% in the 3rd quarter. Radnor Capital Management LLC now owns 97,732 shares of the cable giant’s stock valued at $2,127,000 after purchasing an additional 2,725 shares during the last quarter. Finally, Brucke Financial Inc. raised its stake in Comcast by 3.1% in the 3rd quarter. Brucke Financial Inc. now owns 17,274 shares of the cable giant’s stock valued at $376,000 after purchasing an additional 524 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Company Profile

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.