Comcast Corp (NASDAQ:CMCSA) shares traded -2.36% lower at $42.53 on Wall Street last session.
CMCSA stock price is now 4.09% away from the 50-day moving average and 4.93% away from the 200-day moving average. The market capitalization of the company currently stands at $164.28B.
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With the price target reduced from $48 to $47, Pivotal Research Group maintained Buy rating for Comcast Corp (NASDAQ: CMCSA). On June 25, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $44, while ‘Seaport Research Partners’ rates the stock as ‘Neutral’
In other news, COMCAST CORP, 10% Owner sold 3,176,923 shares of the company’s stock on May 22 ’24. The stock was sold for $10,145,821 at an average price of $3.19. Upon completion of the transaction, the 10% Owner now directly owns 2,000,000 shares in the company, valued at $85.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 29 ’24, President Cavanagh Michael J sold 114,749 shares of the business’s stock. A total of $5,290,193 was realized by selling the stock at an average price of $46.10. A total of 0.97% 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 $47.11. As of last week, the company has a debt-to-equity ratio of 1.18, a current ratio of 0.72, and a quick ratio of 0.72. According to the stock market information, the enterprise value for the company is $256060751872, which is based on a 11.46 price-to-earnings ratio, a 1.45 price-to-earnings-growth ratio, and a beta of 1.01. The fifty day moving average price for CMCSA is $40.8054 and a two-hundred day moving average price translates $40.5364 for the stock.
The latest earnings results from Comcast Corp (NASDAQ: CMCSA) was released for 2024-09-30. The net profit margin was 11.92% and return on equity was 17.43% for CMCSA. The company reported revenue of $32.07 billion for the quarter, compared to $30.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.49 percent.
