Comcast Sets New 1-Year High at $53.28 (CMCSK)
Comcast (NASDAQ:CMCSK)’s share price hit a new 52-week high on Thursday , American Banking & Market News reports. The company traded as high as $53.28 and last traded at $53.28, with a volume of 496,120 shares changing hands. The stock had previously closed at $52.85.
CMCSK has been the subject of a number of recent research reports. Analysts at Pacific Crest cut their price target on shares of Comcast from $66.00 to $65.00 in a research note on Wednesday, April 23rd. Analysts at ISI Group raised their price target on shares of Comcast from $59.00 to $60.00 in a research note on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Comcast currently has a consensus rating of “Buy” and a consensus price target of $54.88.
The stock has a 50-day moving average of $51.51 and a 200-day moving average of $50.29. The company has a market cap of $138.6 billion and a price-to-earnings ratio of 19.36. Comcast also saw a significant drop in short interest in June. As of June 13th, there was short interest totalling 10,022,051 shares, a drop of 10.6% from the May 30th total of 11,205,858 shares. Based on an average daily trading volume, of 1,898,926 shares, the short-interest ratio is presently 5.3 days. Approximately 2.3% of the shares of the stock are short sold.
Comcast (NASDAQ:CMCSK) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. On average, analysts predict that Comcast will post $2.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 23rd. Stockholders of record on Wednesday, July 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 1.69%. The ex-dividend date of this dividend is Monday, June 30th.
Comcast Corporation (NASDAQ:CMCSK) is a provider of entertainment, information and communications products and services.
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