Comcast (NASDAQ:CMCSA – Get Free Report) was downgraded by research analysts at Arete from a “neutral” rating to a “sell” rating in a note issued to investors on Tuesday. They currently have a $23.00 price target on the cable giant’s stock. Arete’s target price would indicate a potential downside of 18.24% from the company’s current price.
CMCSA has been the topic of a number of other research reports. Williams Trading set a $40.00 price target on Comcast in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Tuesday, October 14th. Zacks Research upgraded shares of Comcast from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $30.00 price objective (down previously from $39.00) on shares of Comcast in a research note on Friday, October 31st. Finally, Arete Research set a $23.00 target price on shares of Comcast in a research note on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.18.
Check Out Our Latest Report on CMCSA
Comcast Trading Down 4.8%
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The company had revenue of $30.34 billion during the quarter. Comcast had a return on equity of 18.06% and a net margin of 18.33%. On average, research analysts anticipate that Comcast will post 4.33 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of CMCSA. Capital A Wealth Management LLC grew its holdings in Comcast by 173.7% in the 2nd 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 during the last quarter. Global Trust Asset Management LLC grew its stake in shares of Comcast by 906.8% in the second 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 last quarter. Cranbrook Wealth Management LLC increased its position in 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 acquiring an additional 350 shares during the period. Avalon Trust Co raised its stake in Comcast by 433.3% during the 2nd quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in Comcast in the 1st quarter worth $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.
Comcast News Roundup
Here are the key news stories impacting Comcast this week:
- Positive Sentiment: Spin‑off completes, sharpening Comcast’s strategic focus and simplifying the business; analysts and some investors see potential for better capital allocation to broadband, wireless, Peacock and theme parks. Comcast Announces Completion of Separation of Versant
- Positive Sentiment: Value narrative highlighted: commentary points to Comcast’s strong free cash flow, dividend support and undervaluation versus peers — a reason some investors are buying into CMCSA after the corporate simplification. These 3 Stocks Trade at Discounts the Market Won’t Ignore Forever (CMCSA)
- Neutral Sentiment: Versant (the spun‑off entity) has started trading on Nasdaq; its performance will determine how investors value the carved‑out media assets but does not change Comcast’s retained core operations immediately. Versant Stock Slides in Its First Day of Trading — Investopedia
- Neutral Sentiment: Product/advertising initiative: Xumo (streaming/ad tech) rolled out an advanced identity solution that could incrementally improve streaming ad targeting and monetization over time — a longer‑term positive but not an immediate earnings driver. Xumo Introduces Advanced Identity Solution — BusinessWire
- Negative Sentiment: Versant’s weak Nasdaq debut (shares slid) highlights investor skepticism about the standalone valuation of legacy media assets — a reminder of persistent cable and ad‑market headwinds that can weigh on sentiment for media peers. Versant stock falls after completing Comcast spin-off — Investing.com
- Negative Sentiment: Some coverage flags near‑term volatility and continuing cable worries; Barron’s and others note the spin‑off can remove a diversification layer and that legacy video/cable concerns still weigh on the multiple. Comcast Stock Slips. Why It’s Taking a Hit From the Versant Spinoff — Barron’s
About Comcast
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.
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