Comcast Co. (NASDAQ:CMCSA) Receives $45.58 Consensus Price Target from Analysts

Shares of Comcast Co. (NASDAQ:CMCSA) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.58.

Several research firms recently issued reports on CMCSA. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. KeyCorp dropped their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Wednesday, July 24th. Finally, BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th.

Institutional Investors Weigh In On Comcast

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steph & Co. grew its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. Fairscale Capital LLC bought a new stake in Comcast in the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC bought a new stake in Comcast in the 2nd quarter worth about $27,000. OLD Point Trust & Financial Services N A bought a new stake in Comcast in the 4th quarter worth about $28,000. Finally, IAG Wealth Partners LLC grew its position in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $40.81 on Friday. The firm has a market cap of $160.12 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.01. The firm’s fifty day moving average is $39.91 and its 200-day moving average is $39.57. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.13 earnings per share. Sell-side analysts predict that Comcast will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s payout ratio is presently 32.80%.

Comcast Company Profile

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.