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NASDAQ:CMCSA

Comcast (CMCSA) Stock Price, News & Analysis

$37.33
-0.53 (-1.40%)
(As of 07/8/2024 ET)
Today's Range
$37.21
$38.00
50-Day Range
$36.90
$40.03
52-Week Range
$36.43
$47.46
Volume
17.60 million shs
Average Volume
20.43 million shs
Market Capitalization
$146.47 billion
P/E Ratio
9.88
Dividend Yield
3.32%
Price Target
$48.53

Comcast MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
30.0% Upside
$48.53 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.79
Upright™ Environmental Score
News Sentiment
0.90mentions of Comcast in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$10.13 M Sold Last Quarter
Proj. Earnings Growth
6.16%
From $4.22 to $4.48 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Consumer Discretionary Sector

1st out of 257 stocks

Cable & Other Pay Television Services Industry

1st out of 17 stocks

CMCSA stock logo

About Comcast Stock (NASDAQ:CMCSA)

Comcast Corporation is a global telecommunications conglomerate headquartered in Philadelphia, Pennsylvania. Founded in 1963 by Ralph J. Roberts, the company has become one of the world's largest media and technology companies. The mission of Comcast is to "create and deliver innovative entertainment and communication experiences that connect people to what they love."

Comcast is primarily involved in three main businesses: cable communications, cable networks, and broadcasting. The company provides cable television, high-speed internet, and home phone services to more than 30 million residential and business customers across the United States. Additionally, the company owns and operates broadcast television networks, including NBC and Telemundo.

Comcast targets a diverse range of consumers, from families seeking premium entertainment to businesses looking for reliable communication services. The company's key customers include residential and commercial customers, advertisers, and content producers. Comcast operates across the United States, with a strong presence in major cities such as New York, Los Angeles, and Chicago.

Comcast's management team is led by Chairman and Chief Executive Officer Brian L. Roberts, who has been with the company since 1981. Roberts has played an instrumental role in the growth of Comcast, overseeing significant acquisitions such as NBCUniversal and DreamWorks Animation. Other key management team members include Senior Executive Vice President and Chief Financial Officer Mike Cavanagh.

Over the past few years, Comcast has delivered declining financial performance, with revenues and net income down. Comcast's profit margins have also declined, with an average gross profit margin of around 4.5%.

Comcast's debt levels have increased in recent years due to the acquisition of NBCUniversal and other significant investments. However, the company maintains a strong credit rating, with a long-term debt rating of A- from Standard & Poors. In 2020, Comcast announced the completion of its acquisition of Xumo, a free, ad-supported streaming service, which is expected to drive long-term growth.

Comcast's valuation metrics align with its media and entertainment industry peers. The company's price-to-earnings ratio and price-to-book are both lower than industry averages. Its strong financial performance and growth prospects drive the company's valuation, particularly in the streaming and broadband markets.

Comcast's stock has been on a declining trajectory for the past few years. The company's market capitalization is around $160 billion, down from $268 billion a few years ago. However, Comcast is still one of the largest media conglomerates in the world. The company's strong performance is driven by its lackluster performance and the continued trend of "cord-cutting." 

Comcast operates in the highly competitive media and telecommunications industry, characterized by rapidly changing technologies and shifting consumer preferences. The company faces intense competition from a range of players, including traditional cable providers, streaming services, and telecom companies.

One key advantage that Comcast has is its extensive infrastructure and network capabilities. The company has invested heavily in its broadband network and is well-positioned to continue delivering customers high-quality internet and other services. Additionally, the company has successfully leveraged its extensive content library to launch its streaming service, Peacock, which consumers have received well.

Comcast also faces some significant challenges in the industry. In recent years, there has been a trend toward cord-cutting as more consumers shift away from traditional cable and satellite television in favor of streaming services. This trend will likely continue in the coming years, and Comcast must adapt its offerings accordingly to remain competitive.

Comcast has several growth opportunities available to it in the coming years. One key area of focus for the company is the expansion of its streaming offerings. The launch of Peacock has been a promising start, and the company is likely to continue investing in this area to compete with other streaming giants like Netflix and Amazon.

Another area of focus for Comcast is its international expansion. The company has already made significant investments in Europe and plans to continue expanding its offerings in this region in the coming years. Additionally, the company's recent acquisition of DreamWorks Animation provides it with a significant foothold in the lucrative Chinese market, which is expected to be a key driver of growth for the company in the coming years.

Comcast faces a number of risks and challenges that could impact its future performance. One key challenge is the ongoing trend toward cord-cutting, which could affect the company's revenue from traditional cable and satellite television offerings. Rising interest rates and increasing competition in the streaming space could also threaten the company's financial performance.

Comcast must continue innovating and investing in new technologies and offerings to address these risks to remain competitive. The company will also need to focus on risk management strategies and ensure that it has adequate resources to weather any disruptions in the industry.

CMCSA Stock Price History

CMCSA Stock News Headlines

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Top 3 Dividend Stocks Trading Close to 52-Week Low Prices (CMCSA)
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Is the Disney Stock Sell-Off a Prime Buying Opportunity? (CMCSA)
Entertainment powerhouse The Walt Disney Co. (NYSE: DIS) has already had a drama-filled year. CEO Bob Iger had to fend off a proxy battle for board seats
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Netflix Stock: Can Bundling with Competitors Drive Shares Higher? (CMCSA)
Netflix Inc. (NASDAQ: NFLX) is the world's largest subscription-based streaming entertainment service. The company provides its services in over 190 countries
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Lyft Stock Gap and Craps on Bold 2027 Guidance at Investor Day (CMCSA)
Rideshare operator Lyft Inc. (NASDAQ: LYFT) made bold 2027 growth projections for its Investor Day, which caused shares to gap up to $17.29 initially but failed
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Comcast: Neither Growth Nor Value
See More Headlines
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Company Calendar

Ex-Dividend for 4/24 Dividend
4/02/2024
Dividend Payable
4/24/2024
Last Earnings
4/25/2024
Ex-Dividend for 7/24 Dividend
7/03/2024
Today
7/09/2024
Next Earnings (Confirmed)
7/23/2024
Dividend Payable
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
Cable & Satellite
Current Symbol
NASDAQ:CMCSA
CUSIP
20030N10
Fax
N/A
Employees
186,000
Year Founded
1963

Price Target and Rating

Average Stock Price Target
$48.53
High Stock Price Target
$58.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+30.0%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
22 Analysts

Profitability

Net Income
$15.39 billion
Pretax Margin
16.68%

Debt

Sales & Book Value

Annual Sales
$121.57 billion
Cash Flow
$7.65 per share
Book Value
$20.95 per share

Miscellaneous

Outstanding Shares
3,923,630,000
Free Float
3,874,188,000
Market Cap
$146.47 billion
Optionable
Optionable
Beta
1.00

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Key Executives

Should I Buy Comcast Stock? CMCSA Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Comcast Co.:

  • Comcast's current stock price is at an attractive level, potentially offering a good entry point for investors.
  • Comcast has a consistent track record of paying dividends, providing a source of passive income for investors.
  • Recent analyst reports have shown positive outlooks on Comcast, indicating potential growth opportunities.
  • Comcast's diversified business segments, including media, studios, and theme parks, offer resilience in varying market conditions.
  • Comcast's recent quarterly earnings report exceeded analyst expectations, demonstrating strong financial performance.

Cons

Investors should be bearish about investing in Comcast Co. for these reasons:

  • Comcast's stock has been trading lower recently, indicating potential market concerns or challenges ahead.
  • There is a high level of institutional selling of Comcast shares, which could signal lack of confidence in the company's future prospects.
  • Analysts have issued mixed ratings on Comcast, with some suggesting caution or holding positions rather than buying.
  • Comcast's debt-to-equity ratio is relatively high, which may pose risks in case of economic downturns or rising interest rates.
  • Comcast's stock performance has been below its 52-week high, potentially limiting short-term capital appreciation for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Comcast pros and cons to contact@marketbeat.com.

CMCSA Stock Analysis - Frequently Asked Questions

How have CMCSA shares performed this year?

Comcast's stock was trading at $43.85 at the beginning of 2024. Since then, CMCSA shares have decreased by 14.9% and is now trading at $37.33.
View the best growth stocks for 2024 here
.

How were Comcast's earnings last quarter?

Comcast Co. (NASDAQ:CMCSA) posted its earnings results on Thursday, April, 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast's quarterly revenue was up 1.2% on a year-over-year basis.
Read the conference call transcript
.

When did Comcast's stock split?

Comcast's stock split on the morning of Monday, February 20th 2017. The 2-1 split was announced on Thursday, January 26th 2017. The newly issued shares were distributed to shareholders after the closing bell on Friday, February 17th 2017. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Brian L. Roberts' approval rating as Comcast's CEO?

4,762 employees have rated Comcast Chief Executive Officer Brian L. Roberts on Glassdoor.com. Brian L. Roberts has an approval rating of 85% among the company's employees.

Does Comcast have any subsidiaries?

The following companies are subsidiaries of Comcast: Notion, Blueface, XUMO, Metrological, Deep Blue Communications, BluVector, Sky, and more.

Who are Comcast's major shareholders?

Top institutional shareholders of Comcast include Douglas Lane & Associates LLC (0.06%), DNB Asset Management AS (0.02%), Massmutual Trust Co. FSB ADV (0.01%) and Beese Fulmer Investment Management Inc. (0.01%). Insiders that own company stock include Corp Comcast, Daniel C Murdock, Michael J Cavanagh and David N Watson.
View institutional ownership trends
.

How do I buy shares of Comcast?

Shares of CMCSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CMCSA) was last updated on 7/9/2024 by MarketBeat.com Staff

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