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

Comcast Corporation (NASDAQ:CMCSA) has been given a consensus rating of “Hold” by the thirty-two research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.0517.

A number of equities analysts have weighed in on CMCSA shares. Cowen restated a “buy” rating on shares of Comcast in a research report on Friday. Arete Research upgraded shares of Comcast to a “hold” rating in a research report on Tuesday, July 8th. Loop Capital reduced their target price on shares of Comcast from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Arete reduced their target price on shares of Comcast from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Benchmark reduced their target price on shares of Comcast from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Friday.

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock valued at $6,240,000 after purchasing an additional 99,986 shares during the period. Mutual Advisors LLC grew its holdings in shares of Comcast by 10.0% in the first quarter. Mutual Advisors LLC now owns 47,069 shares of the cable giant’s stock valued at $1,596,000 after purchasing an additional 4,260 shares during the period. North Capital Inc. purchased a new stake in shares of Comcast in the first quarter valued at about $69,000. Davidson Trust Co. grew its holdings in shares of Comcast by 7.8% in the first quarter. Davidson Trust Co. now owns 8,462 shares of the cable giant’s stock valued at $312,000 after purchasing an additional 611 shares during the period. Finally, Conning Inc. grew its holdings in shares of Comcast by 11.1% in the first quarter. Conning Inc. now owns 1,006,310 shares of the cable giant’s stock valued at $37,133,000 after purchasing an additional 100,435 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA opened at $27.83 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 0.88. The company has a fifty day moving average of $31.40 and a two-hundred day moving average of $33.33. The stock has a market capitalization of $102.75 billion, a PE ratio of 4.63, a P/E/G ratio of 1.62 and a beta of 0.94. Comcast has a fifty-two week low of $25.75 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, research analysts forecast that Comcast will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, January 14th. Comcast’s dividend payout ratio is 21.82%.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.