Comcast Corporation (NASDAQ:CMCSA) Stock Has Average Target Price of $30.81

Comcast Corporation (NASDAQ:CMCSA) has earned an average recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $30.81.

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $23.00 target price on shares of Comcast in a report on Tuesday, October 13th. Raymond James Financial reissued a “market perform” rating on shares of Comcast in a research note on Friday, October 2nd. Zacks Research cut Comcast from a “hold” rating to a “strong sell” rating in a report on Friday, October 16th. UBS Group reaffirmed a “neutral” rating and issued a $27.00 price objective (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft raised Comcast from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $34.00 to $32.00 in a research note on Tuesday, June 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Comcast by 824.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,616,490 shares of the cable giant’s stock worth $333,509,000 after acquiring an additional 10,359,800 shares during the last quarter. Nykredit A S bought a new position in Comcast during the second quarter valued at $185,237,000. Cullen Capital Management LLC bought a new position in Comcast during the second quarter valued at $129,801,000. Hsbc Holdings PLC grew its holdings in Comcast by 43.4% during the 4th quarter. Hsbc Holdings PLC now owns 13,797,091 shares of the cable giant’s stock valued at $404,414,000 after purchasing an additional 4,175,418 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Comcast by 10.0% in the fourth quarter. Invesco Ltd. now owns 43,332,228 shares of the cable giant’s stock worth $1,295,200,000 after buying an additional 3,952,642 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 1.3%

Comcast stock opened at $22.08 on Friday. Comcast has a 1 year low of $20.48 and a 1 year high of $32.85. The firm’s 50 day moving average price is $23.94 and its 200-day moving average price is $24.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $78.35 billion, a P/E ratio of 5.90, a PEG ratio of 1.60 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $29.94 billion during 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%. Comcast’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, equities analysts predict that Comcast will post 3.49 earnings per share for the current fiscal year.

Key Stories Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast trades at roughly six times earnings and offers a dividend yield near 6%, which could appeal to income-oriented and value investors. A potential spinoff may also unlock value if the separated businesses improve their strategic positioning. Comcast Trades at 6 Times Earnings and Yields 6%
• Positive Sentiment: Recent institutional activity was mixed but included sizeable purchases by Invesco, Arrowstreet Capital, JPMorgan and Capital Research, suggesting some large investors view CMCSA’s depressed valuation as attractive.
• Neutral Sentiment: Investors are awaiting third-quarter results, with broadband subscriber trends, revenue, margins and management’s outlook expected to be the main catalysts. Comcast is scheduled to report on October 22. Comcast Q3 2026 Earnings Preview
• Negative Sentiment: Comcast is reportedly planning significant job cuts as part of a restructuring of its cable-TV, broadband and wireless operations. While the reductions could lower costs, they also signal pressure on the company’s core businesses. Comcast Planning Significant Job Cuts
• Negative Sentiment: Management previously indicated that third-quarter broadband subscriber losses were unlikely to improve year over year, amid aggressive, low-priced fiber competition. Investor concerns about another weak broadband quarter have weighed on the stock. Comcast Falls as Investors Brace for Another Tough Broadband Quarter
• Negative Sentiment: Options activity also reflected bearish positioning, with put purchases more than doubling the average daily volume on October 20.

Comcast Company Profile

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.