Comcast Corp (CMCSA) Stock Up 0.56%: Is It a Good Investment?

Comcast Corp [CMCSA] stock is trading at $42.79, up 0.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CMCSA shares have gain 0.54% over the last week, with a monthly amount glided 0.54%, 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.

Comcast Corp [CMCSA] stock has fluctuated between $36.43 and $47.11 over the past year. Currently, Wall Street analysts expect the stock to reach $47.63 within the next 12 months. Comcast Corp [NASDAQ: CMCSA] shares were valued at $42.79 at the most recent close of the market. An investor can expect a potential return of 11.31% based on the average CMCSA price forecast.

Analyzing the CMCSA fundamentals

Comcast Corp [NASDAQ:CMCSA] reported sales of 123.07B for the trailing twelve months, which represents a growth of 6.49%. Gross Profit Margin for this corporation currently stands at 0.64% 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 0.05, 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 42.51 points at the first support level, and at 42.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.02, and for the 2nd resistance point, it is at 43.26.

Ratios To Look Out For

For context, Comcast Corp’s Current Ratio is 0.72. Further, the Quick Ratio stands at 0.72, while the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 1.91 and price to earnings (TTM) ratio is 11.53.

Transactions by insiders

Recent insider trading involved ROBERTS BRIAN L, Chairman of Board & CEO, that happened on Nov 27 ’24 when 0.24 million shares were sold. Chairman of Board & CEO, ROBERTS BRIAN L completed a deal on Nov 26 ’24 to sell 0.23 million shares. Meanwhile, President Cavanagh Michael J sold 0.11 million shares on Nov 26 ’24.

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