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

Shares of Comcast Corporation (NASDAQ:CMCSA) have been given an average rating of “Hold” by the thirty-three research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twenty-one have given a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $35.9167.

CMCSA has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Pivotal Research lowered their price objective on shares of Comcast from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Oppenheimer set a $38.00 target price on shares of Comcast in a research report on Tuesday, November 4th. Cowen restated a “buy” rating on shares of Comcast in a report on Friday, October 31st. Finally, Scotiabank decreased their target price on Comcast from $45.50 to $41.50 and set a “sector perform” rating for the company in a research report on Friday, October 31st.

Comcast Stock Down 2.3%

Shares of NASDAQ CMCSA opened at $29.57 on Friday. The company’s 50 day moving average price is $28.01 and its 200-day moving average price is $31.63. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast has a 52-week low of $25.75 and a 52-week high of $38.46. The company has a market capitalization of $107.75 billion, a P/E ratio of 4.92, a price-to-earnings-growth ratio of 2.03 and a beta of 0.83.

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

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 14th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, January 14th. This represents a $1.32 annualized dividend and a dividend yield of 4.5%. Comcast’s payout ratio is currently 21.96%.

Hedge Funds Weigh In On Comcast

Large investors have recently modified their holdings of the company. Capital A Wealth Management LLC grew its holdings in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares in the last quarter. Imprint Wealth LLC purchased a new position in Comcast in the third quarter worth $26,000. Cranbrook Wealth Management LLC grew its stake in Comcast by 86.0% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 350 shares during the period. Global Trust Asset Management LLC increased its position in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the last quarter. Finally, Avalon Trust Co raised its stake in shares of Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the period. 84.32% of the stock is currently owned by institutional investors.

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.