Comcast Corp (NASDAQ:CMCSA) Stock Has Fallen -4.91% YTD, What Do Analysts Anticipate Next?

In recent trading session, Comcast Corp (NASDAQ:CMCSA) saw 1.56 million shares changing hands at last check today with its beta currently measuring 1.01. Company’s recent per share price level of $41.69 trading at $0.67 or 1.65% at last check today assigns it a market valuation of $161.46B. That most recent trading price of CMCSA’s stock is at a discount of -13.0% from its 52-week high price of $47.11 and is indicating a premium of 12.62% from its 52-week low price of $36.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 22.63 million shares which gives us an average trading volume of 18.92 million if we extend that period to 3-months.

For Comcast Corp (CMCSA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.03. Splitting up the data highlights that, out of 22 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Comcast Corp (NASDAQ:CMCSA) trade information

Comcast Corp’s shares saw a change of -4.91% in year-to-date performance and have moved 3.95% in past 5-day. Comcast Corp (NASDAQ:CMCSA) showed a performance of 4.42% in past 30-days. Number of shares sold short was 52.41 million shares which calculate 3.32 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 51 to the stock, which implies a rise of 18.25% to its recent value today. Analysts have been projecting 36 as a low price target for the stock while placing it at a high target of 75. It follows that stock’s current price would jump 13.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 13.65% for stock’s current value.

Comcast Corp (CMCSA) estimates and forecasts

Statistics highlight that Comcast Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -3.82% of value to its shares in past 6 months, showing an annual growth rate of 6.28% while that of industry is 4.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.96% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 6.16% while estimates for its earnings growth in next 5 years are of 7.36%.

CMCSA Dividends

Comcast Corp is more likely to be releasing its next quarterly report on 2024-Oct-31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.88%, the share has a forward dividend of 1.20 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.34%.

Comcast Corp (NASDAQ:CMCSA)’s Major holders

Insiders are in possession of 0.71% of company’s total shares while institution are holding 87.93 percent of that, with stock having share float percentage of 88.57%. Investors also watch the number of corporate investors in a company very closely, which is 87.93% institutions for Comcast Corp that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at CMCSA for having 372.37 million shares of worth $14.58 billion. And as of 2024-06-30, it was holding 9.4057 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 321.14 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.1117 of outstanding shares, having a total worth of $12.58 billion.