Comcast (NASDAQ:CMCSA) Given New $36.00 Price Target at TD Cowen

Comcast (NASDAQ:CMCSA) had its price target dropped by research analysts at TD Cowen from $39.00 to $36.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the cable giant’s stock. TD Cowen‘s target price would indicate a potential upside of 57.62% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada set a $26.00 price objective on Comcast and gave the company a “sector perform” rating in a research report on Friday, July 24th. Scotiabank lowered their price objective on shares of Comcast from $29.00 to $27.50 and set a “sector perform” rating for the company in a research report on Friday, October 2nd. Raymond James Financial restated a “market perform” rating on shares of Comcast in a report on Friday, October 2nd. Finally, New Street Research cut their price objective on shares of Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Eleven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and a consensus price target of $30.58.

Comcast Price Performance

Shares of CMCSA stock opened at $22.84 on Friday. Comcast has a 12-month low of $20.48 and a 12-month high of $32.85. The firm has a market capitalization of $81.05 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The firm has a fifty day moving average of $23.87 and a 200-day moving average of $24.65.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 22nd. The cable giant reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. The business had revenue of $29.30 billion for the quarter, compared to the consensus estimate of $29.22 billion. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. On average, equities research analysts forecast that Comcast will post 3.49 earnings per share for the current year.

Hedge Funds Weigh In On Comcast

A number of large investors have recently bought and sold shares of CMCSA. Douglas Lane & Associates LLC grew its position in Comcast by 16.6% in the third quarter. Douglas Lane & Associates LLC now owns 2,549,714 shares of the cable giant’s stock valued at $55,482,000 after purchasing an additional 363,552 shares in the last quarter. Saudi Central Bank increased its stake in Comcast by 87.2% in the 2nd quarter. Saudi Central Bank now owns 251,190 shares of the cable giant’s stock valued at $6,167,000 after buying an additional 117,038 shares during the last quarter. Nykredit A S acquired a new stake in Comcast in the 2nd quarter valued at $137,515,000. Inceptionr LLC acquired a new stake in Comcast in the 1st quarter valued at $660,000. Finally, Bank of America Corp DE lifted its position in Comcast by 10.2% during the 1st quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after buying an additional 3,783,234 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Key Stories Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast reported third-quarter adjusted earnings of $1.07 per share, above the roughly $0.99 analyst consensus. Revenue of $29.3 billion was also slightly ahead of expectations, providing support for the stock despite year-over-year declines. Comcast Q3 earnings beat
• Positive Sentiment: Peacock reached profitability, wireless trial conversions improved—with about 70% converting to paid accounts—and Universal’s strong film performance helped offset pressure in connectivity. These results support management’s strategy to separate NBCUniversal’s media assets from the broadband, pay-TV and wireless operations. Comcast earnings and media results
• Positive Sentiment: The board declared a quarterly dividend of $0.33 per share, or $1.32 annually, reinforcing Comcast’s income appeal while the company trades at a low earnings multiple. Comcast dividend announcement
• Neutral Sentiment: Management is preparing to separate NBCUniversal from the connectivity business. Executives described employee enthusiasm for the planned split, but investors are still assessing the financial and strategic impact of the transaction. Comcast NBCUniversal split
• Negative Sentiment: Broadband and residential video customer losses remain the principal concern. Comcast faces aggressive fiber pricing and growing satellite competition, prompting Goldman Sachs and Citi to reduce their price targets. Comcast target cuts and broadband losses
• Negative Sentiment: Revenue fell 6.1% year over year and adjusted earnings declined from $1.12 per share. Comcast also expects a fourth-quarter restructuring charge exceeding $1 billion, including layoffs, which will weigh on near-term results. Comcast restructuring charge

About Comcast

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.