Comcast (NASDAQ:CMCSA) Given New $31.00 Price Target at Royal Bank Of Canada

Comcast (NASDAQ:CMCSA) had its price target lowered by Royal Bank Of Canada from $32.00 to $31.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “sector perform” rating on the cable giant’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 11.43% from the company’s previous close.

Several other research analysts also recently commented on CMCSA. Bank of America upgraded Comcast from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $31.00 to $37.00 in a report on Monday, January 12th. Pivotal Research dropped their target price on Comcast from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Morgan Stanley decreased their target price on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Rosenblatt Securities reduced their target price on Comcast from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Monday, December 1st. Finally, Barclays set a $28.00 price target on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday. Twelve analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $34.89.

Comcast Price Performance

Shares of CMCSA stock opened at $27.82 on Friday. The stock has a 50 day moving average price of $28.10 and a 200 day moving average price of $30.83. The firm has a market capitalization of $101.37 billion, a P/E ratio of 4.63, a P/E/G ratio of 2.02 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88. Comcast has a 52-week low of $25.75 and a 52-week high of $38.40.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 30th. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.02. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $31.20 billion during the quarter, compared to analysts’ expectations of $30.74 billion. During the same period in the previous year, the company earned $1.12 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Comcast will post 4.33 earnings per share for the current year.

Hedge Funds Weigh In On Comcast

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC boosted its stake in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares in the last quarter. Global Trust Asset Management LLC grew its stake in Comcast by 906.8% in the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the period. Cranbrook Wealth Management LLC lifted its stake in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after purchasing an additional 350 shares in the last quarter. Avalon Trust Co increased its position in shares of Comcast by 433.3% during the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after acquiring an additional 624 shares during the last quarter. Finally, Howard Hughes Medical Institute purchased a new position in Comcast in the second quarter valued at about $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast News Summary

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: MarketBeat highlights Comcast’s low P/E (~7x) and a ~4.5% yield, arguing the stock combines high yield with rebound potential as core results are expected to grow despite divestitures; institutional buying in early January is cited as supportive. 3 Low P/E Stocks: Separating Multibaggers From a Value Trap
• Positive Sentiment: Reports that Comcast has spun off Versant (new media vehicle) suggest potential value‑unlocking for shareholders if the market re-rates separated assets. This kind of corporate action can catalyze long-term upside. Comcast spins off Versant, unleashing a new media power on Wall Street
• Positive Sentiment: NBCUniversal’s push into live sports (Olympics, Super Bowl, NBA All‑Star and recent rights spending) should help differentiate the media network, supporting ad and subscription revenue over the next few quarters. NBCUniversal strategically leans into sports as it prepares for ‘Legendary February’
• Neutral Sentiment: Zacks notes elevated investor attention on CMCSA and reviews factors that will drive performance; this is informational but not a clear directional catalyst. Comcast Corporation (CMCSA) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Local retail expansion (new Xfinity store in Chehalis, WA) is positive for customer access and brand presence but is a small operational item unlikely to move the stock on its own. Chehalis Welcomes First Xfinity Store
• Negative Sentiment: Analyst pressure: Sanford C. Bernstein trimmed its price target to $32 (from $34) and kept a “market perform” rating — a reminder that analysts see limited near‑term upside, which can weigh on sentiment. Bernstein adjusts price target on Comcast
• Negative Sentiment: Consensus analyst stance remains cautious (many Holds), which mutes momentum until clearer evidence of revenue/earnings inflection or successful asset re‑rating emerges. Comcast Receives Consensus Rating of “Hold”

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.