The price of Comcast Corp (NASDAQ:CMCSA) shares last traded on Wall Street fell -0.07% to $43.47.
CMCSA stock price is now 3.54% away from the 50-day moving average and 7.48% away from the 200-day moving average. The market capitalization of the company currently stands at $166.22B.
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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, Kenneth J. Bacon, Director bought 14,408 shares of the company’s stock on Nov 22 ’24. The stock was bought for $626,316 at an average price of $43.47. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, CFO Armstrong Jason sold 23,248 shares of the business’s stock. A total of $1,042,545 was realized by selling the stock at an average price of $44.84. This leaves the insider owning 80,276 shares of the company worth $3.49 million. A total of 0.94% 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 $259657695232, which is based on a 11.71 price-to-earnings ratio, a 1.42 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for CMCSA is $41.9828 and a two-hundred day moving average price translates $40.44315 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.
