Comcast Co. (NASDAQ:CMCSA) Given Consensus Recommendation of “Buy” by Brokerages

Comcast Co. (NASDAQ:CMCSAGet Rating) has been assigned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $61.74.

A number of brokerages have weighed in on CMCSA. Barclays reduced their price objective on Comcast from $60.00 to $56.00 and set an “overweight” rating for the company in a research note on Friday, January 28th. Truist Financial cut Comcast from a “buy” rating to a “hold” rating and reduced their price objective for the company from $70.00 to $50.00 in a research note on Tuesday, March 1st. started coverage on Comcast in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Cowen boosted their target price on Comcast from $60.00 to $64.00 in a report on Friday, January 28th. Finally, TD Securities boosted their target price on Comcast from $69.00 to $70.00 and gave the company a “buy” rating in a report on Friday, January 28th.

CMCSA stock traded down $0.33 during trading on Monday, hitting $47.58. 16,535,119 shares of the company’s stock were exchanged, compared to its average volume of 17,919,516. The business has a 50-day moving average price of $47.04 and a two-hundred day moving average price of $50.03. The stock has a market capitalization of $215.69 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.01 and a beta of 0.92. Comcast has a 52-week low of $44.27 and a 52-week high of $61.80. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.00.

Comcast (NASDAQ:CMCSAGet Rating) last issued its quarterly earnings data on Thursday, January 27th. The cable giant reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. Comcast had a return on equity of 15.61% and a net margin of 12.17%. The company had revenue of $30.34 billion during the quarter, compared to analysts’ expectations of $29.63 billion. During the same quarter in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Comcast will post 3.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 27th. Stockholders of record on Wednesday, April 6th will be given a $0.27 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 5th. Comcast’s dividend payout ratio is currently 35.64%.

In other news, CEO David N. Watson sold 65,410 shares of the company’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $45.69, for a total value of $2,988,582.90. The sale was disclosed in a filing with the SEC, which is available through this link. 1.35% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMCSA. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Comcast during the third quarter worth about $26,000. AHL Investment Management Inc. purchased a new position in Comcast during the fourth quarter worth about $30,000. Sandy Cove Advisors LLC purchased a new position in Comcast during the fourth quarter worth about $31,000. Core Alternative Capital lifted its position in Comcast by 86.9% during the fourth quarter. Core Alternative Capital now owns 684 shares of the cable giant’s stock worth $34,000 after buying an additional 318 shares during the period. Finally, Rise Advisors LLC acquired a new stake in Comcast during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Comcast Company Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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