Comcast Corp. Receives Consensus Rating of “Buy” from Analysts (NASDAQ:CMCSA)
Shares of Comcast Corp. (NASDAQ:CMCSA) have been given an average recommendation of “Buy” by the twenty-eight analysts that are covering the stock, Stock Ratings Network reports. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $56.24.
Shares of Comcast Corp. (NASDAQ:CMCSA) traded up 0.04% during mid-day trading on Wednesday, hitting $50.79. 1,889,037 shares of the company’s stock traded hands. Comcast Corp. has a 52-week low of $38.75 and a 52-week high of $55.28. The stock has a 50-day moving average of $53.16 and a 200-day moving average of $48.2. The company has a market cap of $132.4 billion and a price-to-earnings ratio of 19.83.
Comcast Corp. (NASDAQ:CMCSA) last released its earnings data on Monday, January 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.04. The company had revenue of $16.93 billion for the quarter, compared to the consensus estimate of $16.63 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts predict that Comcast Corp. will post $2.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Comcast Corp.’s previous quarterly dividend of $0.20.
Several analysts have recently commented on the stock. Analysts at Pacific Crest upgraded shares of Comcast Corp. from a “sector perform” rating to an “outperform” rating in a research note on Monday. They now have a $66.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Comcast Corp. in a research note on Tuesday, February 18th. Finally, analysts at Barclays raised their price target on shares of Comcast Corp. from $53.00 to $58.00 in a research note on Wednesday, February 5th. They now have an “overweight” rating on the stock.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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