Recent Research Analysts’ Ratings Updates for Comcast (CMCSA)

Posted by Defense World Staff on Dec 25th, 2024

Several brokerages have updated their recommendations and price targets on shares of Comcast (NASDAQ: CMCSA) in the last few weeks:

12/19/2024 – Comcast was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
12/16/2024 – Comcast was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $45.00 price target on the stock, down previously from $48.00.
12/11/2024 – Comcast was upgraded by analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating.
12/4/2024 – Comcast was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
11/26/2024 – Comcast was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
11/21/2024 – Comcast was upgraded by analysts at Evercore ISI to a “strong-buy” rating.
11/19/2024 – Comcast had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $60.00 price target on the stock.
11/18/2024 – Comcast had its price target raised by analysts at Macquarie from $40.00 to $42.00. They now have a “neutral” rating on the stock.
11/6/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $45.00 price target on the stock.
11/4/2024 – Comcast had its price target raised by analysts at Barclays PLC from $40.00 to $42.00. They now have an “equal weight” rating on the stock.
11/1/2024 – Comcast was upgraded by analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating. They now have a $48.00 price target on the stock, up previously from $47.75.
11/1/2024 – Comcast had its price target raised by analysts at KeyCorp from $44.00 to $47.00. They now have an “overweight” rating on the stock.
11/1/2024 – Comcast had its “neutral” rating reaffirmed by analysts at Macquarie. They now have a $40.00 price target on the stock.
11/1/2024 – Comcast had its price target raised by analysts at Wells Fargo & Company from $43.00 to $46.00. They now have an “equal weight” rating on the stock.
11/1/2024 – Comcast had its price target raised by analysts at Pivotal Research from $47.00 to $54.00. They now have a “buy” rating on the stock.
11/1/2024 – Comcast had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $49.00 to $50.00. They now have a “buy” rating on the stock.
11/1/2024 – Comcast had its price target lowered by analysts at TD Cowen from $50.00 to $48.00. They now have a “buy” rating on the stock.
10/30/2024 – Comcast had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $55.00 price target on the stock.

Comcast Trading Up 1.1 %

NASDAQ:CMCSA opened at $38.40 on Wednesday. The company has a market capitalization of $146.94 billion, a PE ratio of 10.32, a P/E/G ratio of 1.50 and a beta of 0.99. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The stock’s 50 day moving average price is $41.95 and its 200 day moving average price is $40.30. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. On average, research analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.23%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comcast

Hedge funds have recently bought and sold shares of the company. Strategic Blueprint LLC increased its position in Comcast by 3.6% during the 2nd quarter. Strategic Blueprint LLC now owns 9,712 shares of the cable giant’s stock worth $380,000 after purchasing an additional 335 shares in the last quarter. Financial Advocates Investment Management boosted its position in Comcast by 3.1% during the second quarter. Financial Advocates Investment Management now owns 10,282 shares of the cable giant’s stock worth $403,000 after acquiring an additional 308 shares during the last quarter. Arkadios Wealth Advisors grew its stake in Comcast by 59.0% in the 2nd quarter. Arkadios Wealth Advisors now owns 20,859 shares of the cable giant’s stock worth $817,000 after acquiring an additional 7,740 shares during the period. Panagora Asset Management Inc. raised its holdings in Comcast by 13.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,240,526 shares of the cable giant’s stock valued at $48,579,000 after acquiring an additional 147,661 shares during the last quarter. Finally, Smith Chas P & Associates PA Cpas lifted its stake in shares of Comcast by 2.1% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 756,503 shares of the cable giant’s stock worth $29,625,000 after purchasing an additional 15,732 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.