Comcast Corp [CMCSA] stock prices are down -0.05% to $42.23 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CMCSA shares have gain 2.75% over the last week, with a monthly amount glided 6.05%, 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.
The stock price of Comcast Corp [CMCSA] has been fluctuating between $36.43 and $47.11 over the past year. Currently, Wall Street analysts expect the stock to reach $53.19 within the next 12 months. Comcast Corp [NASDAQ: CMCSA] shares were valued at $42.23 at the most recent close of the market. An investor can expect a potential return of 25.95% based on the average CMCSA price forecast.
Analyzing the CMCSA fundamentals
The Comcast Corp [NASDAQ:CMCSA] reported sales of 121.11B for trailing twelve months, representing a drop of -2.70%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.18.
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 41.67 points at the first support level, and at 41.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.77, and for the 2nd resistance point, it is at 43.31.
Ratios To Look Out For
It’s worth pointing out that Comcast Corp [NASDAQ:CMCSA]’s Current Ratio is 0.66. On the other hand, the Quick Ratio is 0.66, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.35, the price to book ratio is 1.97 and price to earnings (TTM) ratio is 11.25.
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.
