Comcast’s (CMCSA) “Buy” Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $31.00 price objective on the cable giant’s stock.

A number of other research firms have also weighed in on CMCSA. Wells Fargo & Company lowered their target price on shares of Comcast from $29.00 to $28.00 and set an “underweight” rating on the stock in a report on Tuesday, July 7th. Zacks Research raised Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. UBS Group reissued a “neutral” rating on shares of Comcast in a research report on Tuesday, June 23rd. Moffett Nathanson dropped their price objective on Comcast from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and reduced their target price for the company from $34.00 to $32.00 in a report on Tuesday, June 30th. Eleven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.96.

Comcast Stock Up 1.7%

Shares of NASDAQ CMCSA opened at $22.30 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a market cap of $79.66 billion, a PE ratio of 7.22, a P/E/G ratio of 1.81 and a beta of 0.67. The company’s fifty day simple moving average is $23.82 and its 200 day simple moving average is $27.26. Comcast has a 12-month low of $21.28 and a 12-month high of $34.45.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $29.94 billion for the quarter, compared to analyst estimates of $29.24 billion. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. As a group, sell-side analysts forecast that Comcast will post 3.48 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Wednesday, October 7th. Comcast’s payout ratio is presently 25.98%.

Institutional Trading of Comcast

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant’s stock worth $11,038,712,000 after acquiring an additional 2,160,829 shares during the last quarter. North Dakota State Investment Board bought a new position in Comcast during the fourth quarter valued at $3,754,000. Vest Financial LLC boosted its stake in Comcast by 72.1% during the fourth quarter. Vest Financial LLC now owns 232,883 shares of the cable giant’s stock worth $6,961,000 after buying an additional 97,601 shares during the period. Axxcess Wealth Management LLC raised its position in Comcast by 53.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 206,112 shares of the cable giant’s stock worth $6,161,000 after purchasing an additional 72,129 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Comcast by 10.0% during the 4th quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock worth $1,295,200,000 after acquiring an additional 3,952,642 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast News Roundup

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast beat second-quarter estimates, with adjusted EPS of $1.04 and revenue of $29.94 billion, both above Wall Street expectations. The beat was supported by record wireless additions, stronger studio performance, and improving broadband trends. Comcast Reports 2nd Quarter 2026 Results
• Positive Sentiment: Peacock turned profitable for the first time, adding 2 million paid subscribers to reach 48 million, which is boosting sentiment around Comcast’s media and streaming turnaround. Comcast’s Peacock records first ever profit on World Cup, ‘Love Island USA’ boost
• Positive Sentiment: Management said broadband repositioning, wireless growth, and the planned NBCUniversal/Sky separation are progressing, while Rosenblatt reiterated a Buy rating and a $31 price target, implying meaningful upside from recent levels. CMCSA Q2 Earnings Call Highlights Broadband Pivot and Wireless Growth
• Neutral Sentiment: Comcast declared a quarterly dividend of $0.33 per share, reinforcing its income profile, but this is unlikely to be the main driver of the stock’s move today.
• Neutral Sentiment: Recent short-interest data was effectively flat at zero, so there is no clear short-squeeze or bearish positioning signal helping explain the move.
• Negative Sentiment: Offsetting the positives, domestic broadband customer losses continued and second-quarter profit was lower year over year, which keeps pressure on Comcast’s core connectivity business. Comcast Reports Lower Profit, Narrows Domestic Broadband Subscriber Losses
• Negative Sentiment: Some investors were also disappointed that Comcast paused share repurchases while it prepares for the planned business separation, reducing a prior source of stock support. Comcast slips as broadband losses and buyback pause overshadow Q2 beat

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.