Comcast Corp [CMCSA] stock is trading at $43.54, up 2.25%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CMCSA shares have gain 4.04% over the last week, with a monthly amount glided 5.55%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, Comcast Texas Commits More Than $1M to Shrink Local Digital Divide in 2024. In a post published today on Yahoo Finance, Investment will support digital skills training programs, add Wi-Fi connected “Lift Zones” and help thousands of people.
From an analyst’s perspective:
Comcast Corp [NASDAQ: CMCSA] stock has seen the most recent analyst activity on February 15, 2024, when Redburn Atlantic downgraded its rating to a Neutral and also revised its price target to $44 from $50. Previously, Pivotal Research Group reaffirmed its Buy rating on December 13, 2023, and elevated its price target to $58. On October 27, 2023, downgrade downgraded it’s rating to Sector Perform and revised its price target to $49 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $53 on October 06, 2023. Bernstein initiated its recommendation with a Mkt Perform and recommended $46 as its price target on October 06, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on August 02, 2023. In a note dated July 28, 2023, Macquarie upgraded an Neutral rating on this stock but restated the target price of $46.
Comcast Corp [CMCSA] stock has fluctuated between $34.63 and $47.46 over the past year. Currently, Wall Street analysts expect the stock to reach $56.28 within the next 12 months. Comcast Corp [NASDAQ: CMCSA] shares were valued at $43.54 at the most recent close of the market. An investor can expect a potential return of 29.26% based on the average CMCSA price forecast.
Analyzing the CMCSA fundamentals
Comcast Corp [NASDAQ:CMCSA] reported sales of 121.57B for the trailing twelve months, which represents a growth of 2.29%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.19 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 42.89 points at the first support level, and at 42.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.93, and for the 2nd resistance point, it is at 44.33.
Ratios To Look Out For
For context, Comcast Corp’s Current Ratio is 0.60. In addition, the Quick Ratio stands at 0.60 and the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 2.09 and price to earnings (TTM) ratio is 11.75.
Transactions by insiders
Recent insider trading involved Cavanagh Michael J, President, that happened on Jan 29 ’24 when 0.11 million shares were sold. CFO, Armstrong Jason completed a deal on Nov 20 ’23 to sell 41663.0 shares. Meanwhile, Chairman of Board & CEO ROBERTS BRIAN L sold 0.62 million shares on Nov 14 ’23.
