Analysts Set Comcast Corporation (NASDAQ:CMCSA) PT at $34.56

Shares of Comcast Corporation (NASDAQ:CMCSA) have been assigned a consensus rating of “Hold” from the twenty-seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $34.5192.

Several research analysts have recently commented on CMCSA shares. KeyCorp reaffirmed a “sector weight” rating on shares of Comcast in a research note on Thursday, April 23rd. Wall Street Zen raised Comcast to a “hold” rating in a research note on Saturday, March 14th. Morgan Stanley raised their price objective on Comcast from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, April 24th. Rosenblatt Securities decreased their price objective on Comcast from $30.00 to $24.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Finally, Moffett Nathanson decreased 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.

Comcast Stock Down 1.3%

CMCSA stock opened at $23.66 on Friday. The business’s 50-day moving average is $26.15 and its two-hundred day moving average is $28.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.87 and a current ratio of 0.87. Comcast has a fifty-two week low of $23.13 and a fifty-two week high of $36.66. The company has a market cap of $84.52 billion, a price-to-earnings ratio of 4.66, a P/E/G ratio of 1.95 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. Comcast had a return on equity of 15.47% and a net margin of 15.00%.The firm had revenue of $31.46 billion for the quarter, compared to the consensus estimate of $30.42 billion. During the same quarter last year, the company earned $1.09 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, analysts forecast that Comcast will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.32 annualized dividend and a dividend yield of 5.6%. Comcast’s dividend payout ratio (DPR) is 25.98%.

Institutional Trading of Comcast

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First National Bank of Mount Dora Trust Investment Services raised its stake in Comcast by 7.9% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 136,782 shares of the cable giant’s stock valued at $3,927,000 after purchasing an additional 9,976 shares during the period. Wealthquest Corp raised its stake in Comcast by 15.9% during the 1st quarter. Wealthquest Corp now owns 8,714 shares of the cable giant’s stock valued at $250,000 after purchasing an additional 1,195 shares during the period. Parallel Advisors LLC raised its stake in Comcast by 20.3% during the 1st quarter. Parallel Advisors LLC now owns 53,629 shares of the cable giant’s stock valued at $1,540,000 after purchasing an additional 9,064 shares during the period. NewEdge Advisors LLC raised its stake in Comcast by 35.6% during the 1st quarter. NewEdge Advisors LLC now owns 469,089 shares of the cable giant’s stock valued at $13,468,000 after purchasing an additional 123,151 shares during the period. Finally, Caerus Investment Advisors LLC bought a new stake in Comcast during the 1st quarter valued at approximately $218,000. Institutional investors 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’s Xfinity announced same-day WiFi equipment delivery for new internet customers in nearly 20 markets, with a rollout planned across the full footprint by early 2027. The move could improve customer convenience and support broadband growth. Internet Delivered to Your Doorstep Within Hours: Xfinity Launches Same-Day WiFi
• Positive Sentiment: A new film release distributed by Comcast’s Universal Pictures, “Disclosure Day,” opened above forecasts globally, which is a modestly supportive data point for its media segment. Spielberg’s ’Disclosure Day’ opens to $93.9M globally, beats forecasts
• Neutral Sentiment: Comcast was highlighted in a fresh article as a potential buyer of Roku, but this is speculative and does not indicate a formal deal or strategy change.
• Negative Sentiment: Rosenblatt cut its price target on Comcast Corporation (NASDAQ: CMCSA) to $24 from $30 and kept a Neutral rating, citing the stock’s weak year-to-date performance. Rosenblatt Lowers PT on Comcast (CMCSA) Stock
• Negative Sentiment: MoffettNathanson also trimmed its price target on Comcast to $52 from $53, even while maintaining a Buy rating, reinforcing that analysts remain cautious on near-term upside. Moffettnathanson adjusts price target on Comcast
• Negative Sentiment: Unusual options activity showed a sharp increase in put buying on Comcast, suggesting traders are positioning for further downside or hedging against near-term weakness.

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.