At the time of writing, Comcast Corp [CMCSA] stock is trading at $41.35, up 1.52%. 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 5.27% over the last week, with a monthly amount glided 3.84%, 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 July 24, 2024, when Pivotal Research Group reiterated its Buy rating and also revised its price target to $47 from $48. Previously, Goldman started tracking the stock with Buy rating on June 25, 2024, and set its price target to $44. On June 24, 2024, downgrade downgraded it’s rating to Neutral. Exane BNP Paribas downgraded its rating to a Underperform but stick to its price target of $34 on June 11, 2024. Exane BNP Paribas downgraded its rating to a Neutral but $45 remained the price target by the analyst firm on April 09, 2024. Redburn Atlantic downgraded its rating to Neutral for this stock on February 15, 2024, and downed its price target to $44. In a note dated December 13, 2023, Pivotal Research Group reiterated an Buy rating on this stock and boosted its target price from $55 to $58.
For the past year, the stock price of Comcast Corp fluctuated between $36.43 and $47.11. Currently, Wall Street analysts expect the stock to reach $53.42 within the next 12 months. Comcast Corp [NASDAQ: CMCSA] shares were valued at $41.35 at the most recent close of the market. An investor can expect a potential return of 29.19% based on the average CMCSA price forecast.
Analyzing the CMCSA fundamentals
According to Comcast Corp [NASDAQ:CMCSA], the company’s sales were 121.11B for trailing twelve months, which represents an -2.70% plunge. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.18 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 1.18.
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 40.82 points at the first support level, and at 40.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.68, and for the 2nd resistance point, it is at 42.01.
Ratios To Look Out For
It is important to note that Comcast Corp [NASDAQ:CMCSA] has a current ratio of 0.66. In addition, the Quick Ratio stands at 0.66 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.93 and price to earnings (TTM) ratio is 11.02.
Transactions by insiders
Recent insider trading involved COMCAST CORP, 10% Owner, that happened on May 22 ’24 when 3.18 million shares were sold. President, Cavanagh Michael J completed a deal on Jan 29 ’24 to sell 0.11 million shares. Meanwhile, CFO Armstrong Jason sold 41663.0 shares on Nov 20 ’23.
