Comcast Corporation (NASDAQ:CMCSA) Receives Consensus Rating of “Hold” from Brokerages

Comcast Corporation (NASDAQ:CMCSA) has been assigned an average recommendation of “Hold” from the twenty-eight research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $34.0385.

Several research firms have recently weighed in on CMCSA. Rosenblatt Securities upgraded Comcast from a “neutral” rating to a “buy” rating and increased their price target for the stock from $24.00 to $31.00 in a research note on Tuesday, June 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research note on Monday. KeyCorp reiterated a “sector weight” rating on shares of Comcast in a report on Thursday, April 23rd. Moffett Nathanson reduced their target price on shares of Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Finally, Citigroup dropped their price objective on Comcast from $35.50 to $32.00 and set a “buy” rating for the company in a research note on Monday, June 29th.

Comcast Stock Performance

Shares of CMCSA stock opened at $23.19 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50-day moving average of $24.41 and a 200-day moving average of $27.78. Comcast has a one year low of $22.13 and a one year high of $36.03. The company has a market cap of $82.84 billion, a P/E ratio of 4.56, a P/E/G ratio of 1.93 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion for the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. Equities research analysts forecast that Comcast will post 3.49 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.32 annualized dividend and a yield of 5.7%. Comcast’s payout ratio is 25.98%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Voya Financial Advisors Inc. lifted its holdings in shares of Comcast by 3.2% during the 2nd quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock valued at $2,963,000 after buying an additional 2,593 shares during the period. United Bank grew its stake in shares of Comcast by 11.3% during the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after purchasing an additional 4,290 shares during the period. HUB Investment Partners LLC increased its holdings in Comcast by 119.4% during the second quarter. HUB Investment Partners LLC now owns 16,974 shares of the cable giant’s stock valued at $606,000 after buying an additional 9,236 shares during the last quarter. Finally, Diversify Advisory Services LLC raised its holdings in Comcast by 66.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 39,607 shares of the cable giant’s stock worth $1,414,000 after purchasing an additional 15,865 shares during the period. Institutional investors own 84.32% of the company’s stock.

About Comcast

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.