Comcast Corp [CMCSA] stock is trading at $39.70, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CMCSA shares have gain 3.14% over the last week, with a monthly amount glided 0.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Comcast Corp [NASDAQ: CMCSA] stock has seen the most recent analyst activity on April 09, 2024, when Exane BNP Paribas downgraded its rating to a Neutral but kept the price target unchanged to $45 for it. Previously, Redburn Atlantic downgraded its rating to Neutral on February 15, 2024, and dropped its price target to $44. On December 13, 2023, Pivotal Research Group reiterated its Buy rating and revised its price target to $58 on the stock. Scotiabank downgraded its rating to a Sector Perform and decreased its price target to $49 on October 27, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $53 as its price target on October 06, 2023. Bernstein started tracking with a Mkt Perform rating for this stock on October 06, 2023, and assigned it a price target of $46. In a note dated August 02, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
Comcast Corp [CMCSA] stock has fluctuated between $36.43 and $47.46 over the past year. Currently, Wall Street analysts expect the stock to reach $55.62 within the next 12 months. Comcast Corp [NASDAQ: CMCSA] shares were valued at $39.70 at the most recent close of the market. An investor can expect a potential return of 40.1% based on the average CMCSA price forecast.
Analyzing the CMCSA fundamentals
Comcast Corp [NASDAQ:CMCSA] reported sales of 121.94B for the trailing twelve months, which represents a growth of 1.24%. 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 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.17.
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 39.51 points at the first support level, and at 39.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.97, and for the 2nd resistance point, it is at 40.25.
Comcast Corp [CMCSA] reported earnings per share of $1.04 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.99/share, meaning a difference of $0.05 and a surprise factor of 5.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.84 per share as compared to estimates of $0.79 per share, a difference of $0.05 representing a surprise of 6.30%.
Ratios To Look Out For
For context, Comcast Corp’s Current Ratio is 0.59. Also, the Quick Ratio is 0.59, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 10.54.
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.
