Comcast Corporation (NASDAQ:CMCSA) Given Consensus Rating of “Hold” by Analysts

Comcast Corporation (NASDAQ:CMCSA) has earned an average recommendation of “Hold” from the twenty-nine research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $34.9018.

A number of equities analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 10th. Barclays set a $28.00 price objective on shares of Comcast and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Oppenheimer set a $38.00 target price on shares of Comcast in a report on Tuesday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $30.00 target price on shares of Comcast in a research note on Friday, January 30th. Finally, Evercore reduced their price target on shares of Comcast from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, October 31st.

Hedge Funds Weigh In On Comcast

Several institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Comcast by 7.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 17,157 shares of the cable giant’s stock valued at $513,000 after acquiring an additional 1,177 shares during the last quarter. Evoke Wealth LLC lifted its position in Comcast by 10.1% during the fourth quarter. Evoke Wealth LLC now owns 8,177 shares of the cable giant’s stock valued at $244,000 after purchasing an additional 753 shares during the last quarter. SGL Investment Advisors Inc. grew its stake in shares of Comcast by 20.8% in the 4th quarter. SGL Investment Advisors Inc. now owns 29,319 shares of the cable giant’s stock worth $904,000 after buying an additional 5,039 shares in the last quarter. Keudell Morrison Wealth Management bought a new stake in shares of Comcast in the 4th quarter worth about $463,000. Finally, Axxcess Wealth Management LLC raised its position in shares of Comcast by 53.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock valued at $6,161,000 after buying an additional 72,129 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA opened at $31.37 on Monday. The company has a 50 day simple moving average of $28.79 and a two-hundred day simple moving average of $30.13. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $114.31 billion, a P/E ratio of 5.84, a PEG ratio of 2.39 and a beta of 0.81. Comcast has a 1-year low of $25.75 and a 1-year high of $37.97.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. Equities analysts forecast that Comcast will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. Comcast’s payout ratio is currently 24.58%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.