Stocks of Comcast Corp (NASDAQ:CMCSA) traded higher last session on Wall Street, up 0.99% to $39.70.
CMCSA stock price is now -2.88% away from the 50-day moving average and -7.82% away from the 200-day moving average. The market capitalization of the company currently stands at $155.77B.
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With the price target maintained at $45, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Comcast Corp (NASDAQ: CMCSA). On February 15, 2024, Redburn Atlantic Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $50 to quote $44, while ‘Pivotal Research Group’ rates the stock as ‘Buy’
In other news, Cavanagh Michael J, President sold 114,749 shares of the company’s stock on Jan 29 ’24. The stock was sold for $5,290,193 at an average price of $46.10. Upon completion of the transaction, the President now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20 ’23, CFO Armstrong Jason sold 41,663 shares of the business’s stock. A total of $1,776,016 was realized by selling the stock at an average price of $42.63. This leaves the insider owning 14,458 shares of the company worth $0.57 million. A total of 1.01% of the company’s stock is owned by insiders.
During the past 12 months, Comcast Corp has had a low of $36.43 and a high of $47.46. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 0.59, and a quick ratio of 0.59.
According to the Telecom Services Company, earnings per share came in at 1.13, beating analysts’ expectations of 0.97 by 0.16. This compares to $0.89 EPS in the same period last year. The net profit margin was 12.64% and return on equity was 18.68% for CMCSA. The company reported revenue of $30.06 billion for the quarter, compared to $29.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.24 percent. For the current quarter, analysts expect CMCSA to generate $30.09B in revenue.
