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Comcast Corporation (CMCSA): Why Is Stock So Good?

In the last trading session, 12.76 million Comcast Corporation (NASDAQ:CMCSA) shares changed hands as the company’s beta touched 0.99. With the company’s per share price at $45.64 changed hands at $0.3 or 0.66% during last session, the market valuation stood at $190.89B. CMCSA’s last price was a discount, traded about -3.99% off its 52-week high of $47.46. The share price had its 52-week low at $28.39, which suggests the last value was 37.8% up since then. When we look at Comcast Corporation’s average trading volume, we note the 10-day average is 22.59 million shares, with the 3-month average coming to 17.88 million.

Analysts gave the Comcast Corporation (CMCSA) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 31 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 11 recommended CMCSA as a Hold, 18 felt it is a Buy and 0 rated the stock as Underweight. Comcast Corporation’s EPS for the current quarter is expected to be $0.95.

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Comcast Corporation (NASDAQ:CMCSA) trade information

Instantly CMCSA was in green as seen at the end of in last trading. With action 0.84%, the performance over the past five days has been green. The jump to weekly highs of 46.15 on Monday, 09/18/23 added 0.66% to the stock’s daily price. The company’s shares are showing year-to-date upside of 30.51%, with the 5-day performance at 0.84% in the green. However, in the 30-day time frame, Comcast Corporation (NASDAQ:CMCSA) is -1.30% down. Looking at the short shares, we see there were 44.12 million shares sold at short interest cover period of 2.87 days.

The consensus price target for the stock as assigned by Wall Street analysts is $49.43, meaning bulls need an upside of 7.67% from its current market value. According to analyst projections, CMCSA’s forecast low is $39.00 with $55.00 as the target high. To hit the forecast high, the stock’s price needs a -20.51% plunge from its current level, while the stock would need to tank 14.55% for it to hit the projected low.

Comcast Corporation (CMCSA) estimates and forecasts

Data shows that the Comcast Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 26.67% over the past 6 months, a 4.67% in annual growth rate that is considerably higher than the industry average of -2.30%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Comcast Corporation will fall -1.00%, while the growth in revenue is estimated to hit 1.20% for the next quarter. Year-over-year growth is forecast to reach -1.00% down from the last financial year.

Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of $29.68 billion. 15 analysts are of the opinion that Comcast Corporation’s revenue for the quarter ending Dec 2023 will be $30.38 billion. The company’s revenue for the corresponding quarters a year ago was $29.65 billion and $30.55 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.10%. The estimates for the next quarter sales put growth at -0.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.40%. The 2023 estimates are for Comcast Corporation earnings to decrease by -60.20%, but the outlook for the next 5-year period is at 7.36% per year.

CMCSA Dividends

Comcast Corporation is expected to release its next quarterly earnings report between October 25 and October 30. The 2.54% annual yield figure for the share gives it an annual dividend of 1.16. It is important to note, however, that the 2.54% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

Comcast Corporation (NASDAQ:CMCSA)’s Major holders

On Key

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