Comcast Corporation (NASDAQ:CMCSA) Stock Has Consensus Target Price of $32.69 According to Brokerages

Shares of Comcast Corporation (NASDAQ:CMCSA) have been given an average recommendation of “Hold” by the twenty-eight research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $31.21.

CMCSA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and cut their target price for the stock from $34.00 to $32.00 in a report on Tuesday, June 30th. Morgan Stanley set a $29.00 price target on shares of Comcast in a report on Friday, July 24th. Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the company an “underweight” rating in a research report on Friday, July 24th. Freedom Capital raised shares of Comcast to a “hold” rating in a report on Friday, June 12th. Finally, Scotiabank set a $29.00 price objective on shares of Comcast in a research report on Friday, July 24th.

Comcast Stock Performance

NASDAQ CMCSA opened at $22.13 on Tuesday. The company has a 50-day simple moving average of $24.95 and a two-hundred day simple moving average of $25.73. Comcast has a 12-month low of $21.28 and a 12-month high of $32.85. The firm has a market cap of $78.53 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 1.60 and a beta of 0.68. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%.The company had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the previous year, the company posted $1.25 EPS. Comcast’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities analysts forecast that Comcast will post 3.5 EPS for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Wednesday, October 7th. Comcast’s payout ratio is currently 42.72%.

Key Headlines Impacting Comcast

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Comcast generated nearly $18 billion in free cash flow over the past year, implying a free-cash-flow yield of approximately 22% at its current market value. This supports the investment case for shareholders despite weak recent performance. Is Comcast Broken, Or Just Paying To Defend Its Broadband?
• Positive Sentiment: Although Citi reduced its price target to $27.50 from $30, it retained a Buy rating. Moffett Nathanson also maintained a Buy rating after lowering its target to $43 from $52, indicating analysts still see substantial long-term upside if Comcast stabilizes broadband trends. CMCSA Stock Under Pressure After Two Analysts Cut Targets, Downgrade Shares
• Neutral Sentiment: Reported short interest was zero shares as of September 24, producing a zero-day days-to-cover ratio. While this suggests no measurable short-selling pressure in the reported data, the figure may reflect a reporting or data-quality issue rather than a meaningful change in sentiment.
• Negative Sentiment: Analysts’ target cuts signal reduced near-term confidence in Comcast’s earnings outlook, even though both firms continue to recommend buying the stock. The revisions add to selling pressure around CMCSA. Comcast Price Target Cut
• Negative Sentiment: Comcast is lowering broadband prices to defend its subscriber base against wireless and other rivals. That strategy may protect customer relationships but is weighing on revenue growth and profitability, raising concerns that the core broadband business is structurally shrinking. Is Comcast Broken, Or Just Paying To Defend Its Broadband?
• Negative Sentiment: CMCSA has materially lagged the broader market and trades well below its two-year high, while its shares remain below key moving averages. Investors appear focused on how long the broadband turnaround will take rather than on Comcast’s inexpensive valuation alone. How Far Can Comcast Stock Fall, And How Long Would You Wait?

Hedge Funds Weigh In On Comcast

Several hedge funds have recently made changes to their positions in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Comcast in the 4th quarter worth about $27,000. Whipplewood Advisors LLC boosted its position in Comcast by 75.5% during the 1st quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock valued at $27,000 after acquiring an additional 401 shares in the last quarter. Main Street Group LTD bought a new stake in Comcast during the 1st quarter valued at approximately $27,000. Provenance Wealth Advisors LLC purchased a new position in shares of Comcast during the 1st quarter worth approximately $30,000. Finally, Monetary Solutions Ltd bought a new position in shares of Comcast in the 4th quarter worth approximately $32,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

About Comcast

Comcast Corporation (NASDAQ:CMCSA) is a global media and technology company that provides broadband, wireless, video, voice and related services to residential and business customers. Through its connectivity businesses, Comcast offers internet access, mobile service, pay television, telephone service, and home security and automation products, primarily under the Xfinity brand in the United States.

Comcast also operates a broad portfolio of entertainment and media businesses. NBCUniversal includes the NBC and Telemundo broadcast networks, cable networks, film and television studios, the Peacock streaming service, and a collection of theme parks.