Comcast (NASDAQ:CMCSA) Given New $34.00 Price Target at Scotiabank

Comcast (NASDAQ:CMCSA) had its price target reduced by Scotiabank from $35.25 to $34.00 in a report issued on Wednesday morning, MarketBeat reports. They currently have a sector perform rating on the cable giant’s stock.

Other equities analysts have also issued research reports about the stock. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a research report on Saturday, March 14th. TD Cowen dropped their price target on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. The Goldman Sachs Group lowered their price objective on shares of Comcast from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Finally, Bank of America raised Comcast from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $31.00 to $37.00 in a report on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $34.71.

Comcast Stock Down 2.3%

CMCSA opened at $28.05 on Wednesday. Comcast has a 12 month low of $25.75 and a 12 month high of $36.66. 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 stock has a market cap of $100.92 billion, a P/E ratio of 5.22, a P/E/G ratio of 2.28 and a beta of 0.80. The stock’s 50 day moving average price is $30.33 and its 200 day moving average price is $29.42.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be issued 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, April 1st. Comcast’s payout ratio is presently 24.58%.

Insider Buying and Selling

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CMCSA. Brighton Jones LLC increased 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. increased its position in shares of Comcast by 3.2% in the second quarter. Voya Financial Advisors Inc. now owns 83,883 shares of the cable giant’s stock worth $2,963,000 after acquiring an additional 2,593 shares in the last quarter. United Bank lifted its position in shares of Comcast by 11.3% in the 2nd quarter. United Bank now owns 42,216 shares of the cable giant’s stock valued at $1,507,000 after acquiring an additional 4,290 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Comcast during the 2nd quarter valued at $5,127,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Comcast in the second quarter valued at $46,000. Institutional investors own 84.32% of the company’s stock.

Trending Headlines about Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Bank of America re‑affirmed Comcast as a “Buy,” signaling institutional conviction despite short‑term weakness — this supports a longer‑term thesis for the stock. BofA Reiterates Comcast
• Positive Sentiment: Comcast is expanding rural and suburban multi‑gig broadband and launched “Total Solutions Advantage,” bundled connectivity + cybersecurity plans for small businesses — initiatives that can drive ARPU growth and enterprise penetration over time. Rural Upgrades & Bundled Cybersecurity
• Positive Sentiment: Comcast Advertising partnered with DISQO to add deterministic TV/streaming attribution, strengthening ad measurement capabilities — a revenue/cross‑sell catalyst for the advertising unit. DISQO Partnership
• Neutral Sentiment: Brokerage consensus remains centered around “Hold”; coverage is mixed which can limit near‑term conviction despite product and network progress. Consensus Hold
• Neutral Sentiment: The stock saw an earlier intraday uptick tied to the SMB plans and network expansion news; that bullish reaction has partially reversed as traders reassess momentum. Intraday Move Explained
• Negative Sentiment: A price‑target cut from Scotiabank (from $35.25 to $34.00) and its “sector perform” stance reduce near‑term upside confidence for some investors, contributing to selling pressure. Scotiabank Lowers PT
• Negative Sentiment: Headline coverage flagged the stock’s pullback as markets broadly gained, reinforcing the narrative of short‑term underperformance and analyst caution (only ~30% of analysts bullish), which pressures sentiment. Zacks: Stock Sinks

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.