Comcast Given Average Recommendation of “Buy” by Analysts (NASDAQ:CMCSA)
Comcast (NASDAQ:CMCSA) has been given an average recommendation of “Buy” by the twenty-one ratings firms that are presently covering the company, Analyst Ratings.Net reports. Two equities research analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $62.63.
CMCSA has been the subject of a number of recent research reports. Analysts at Oppenheimer raised their price target on shares of Comcast from $58.00 to $62.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Comcast in a research note on Wednesday, July 23rd. They now have a $63.00 price target on the stock, up previously from $61.00. Finally, analysts at Jefferies Group raised their price target on shares of Comcast from $60.00 to $62.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock.
Comcast (NASDAQ:CMCSA) opened at 54.50 on Wednesday. Comcast has a 1-year low of $41.06 and a 1-year high of $56.49. The stock’s 50-day moving average is $54.25 and its 200-day moving average is $52.21. The company has a market cap of $141.1 billion and a P/E ratio of 19.19.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 22nd. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $16.84 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts expect that Comcast will post $2.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Monday, September 29th.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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