Comcast Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:CMCSA)
Comcast (NASDAQ:CMCSA) has received a consensus recommendation of “Buy” from the twenty-one brokerages that are presently covering the company, Analyst Ratings Net reports. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $62.63.
Several analysts have recently commented on the stock. 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.
Shares of Comcast (NASDAQ:CMCSA) opened at 54.18 on Wednesday. Comcast has a one year low of $41.06 and a one year high of $56.49. The stock has a 50-day moving average of $54.25 and a 200-day moving average of $52.23. The company has a market cap of $140.2 billion and a price-to-earnings ratio of 19.17.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, September 29th.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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