During the last session, Comcast Corp (NASDAQ:CMCSA)’s traded shares were 26.31 million, with the beta value of the company hitting 1.01. At the end of the trading day, the stock’s price was $42.24, reflecting an intraday gain of 0.40% or $0.17. The 52-week high for the CMCSA share is $47.11, that puts it down -11.53 from that peak though still a striking 13.75% gain since the share price plummeted to a 52-week low of $36.43. The company’s market capitalization is $163.57B, and the average intraday trading volume over the past 10 days was 18.54 million shares, and the average trade volume was 17.33 million shares over the past three months.
Comcast Corp (CMCSA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.06. CMCSA has a Sell rating from 0 analyst(s) out of 22 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.06.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Comcast Corp (NASDAQ:CMCSA) trade information
Comcast Corp (CMCSA) registered a 0.40% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.40% in intraday trading to $42.24, hitting a weekly high. The stock’s 5-day price performance is 1.66%, and it has moved by 1.29% in 30 days. Based on these gigs, the overall price performance for the year is 4.43%. The short interest in Comcast Corp (NASDAQ:CMCSA) is 57.79 million shares and it means that shorts have 3.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $50, which implies an increase of 15.52% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $36 and $75 respectively. As a result, CMCSA is trading at a discount of -77.56% off the target high and 14.77% off the low.
Comcast Corp (CMCSA) estimates and forecasts
Statistics show that Comcast Corp has outperformed its competitors in share price, compared to the industry in which it operates. Comcast Corp (CMCSA) shares have gone up 10.58% during the last six months, with a year-to-date growth rate more than the industry average at 6.53% against 4.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -1.90% this quarter and then jump 7.10% in the quarter after that. In the rating firms’ projections, revenue will increase 1.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 31.64B as predicted by 22 analyst(s). Meanwhile, a consensus of 22 analyst(s) estimates revenue growth to 31.52B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.96%. While earnings are projected to return 5.62% in 2024, the next five years will return 7.32% per annum.
CMCSA Dividends
Comcast Corp is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Comcast Corp is 1.22, with the dividend yield indicating at 2.89 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.36%.
Comcast Corp (NASDAQ:CMCSA)’s Major holders
Comcast Corp insiders own 0.71% of total outstanding shares while institutional holders control 87.71%, with the float percentage being 88.34%. VANGUARD GROUP INC is the largest shareholder of the company, while 2981.0 institutions own stock in it. As of 2024-06-30, the company held over 372.37 million shares (or 9.4057% of all shares), a total value of $14.58 billion in shares.
The next largest institutional holding, with 321.14 million shares, is of BLACKROCK INC.’s that is approximately 8.1117% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.58 billion.
