Comcast Corp (NASDAQ: CMCSA) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 3.97B common shares owned by the public and among those 3.93B shares have been available to trade.

However, the script later moved the day high at 43.62, down -0.35%. The company’s stock has a 5-day price change of -0.07% and -3.30% over the past three months. CMCSA shares are trading -2.53% year to date (YTD), with the 12-month market performance up to 18.07% higher. It has a 12-month low price of $35.28 and touched a high of $47.46 over the same period. CMCSA has an average intraday trading volume of 19.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.30%, -0.96%, and -1.34% respectively.

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Institutional ownership of Comcast Corp (NASDAQ: CMCSA) shares accounts for 85.76% of the company’s 3.97B shares outstanding.

It has a market capitalization of $169.76B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 11.53, while the earnings-per-share (ttm) stands at $3.71. The company has a PEG of 1.22 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 1.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.37% over the week and 1.76% over the month.

Earnings per share for the fiscal year are expected to increase by 7.07%, and 8.23% over the next financial year. EPS should grow at an annualized rate of 9.46% over the next five years, compared to 7.96% over the past 5-year period.

Looking at the support for the CMCSA, a number of firms have released research notes about the stock. Redburn Atlantic stated their Neutral rating for the stock in a research note on February 15, 2024, with the firm’s price target at $50-$44. Pivotal Research Group coverage for the Comcast Corp (CMCSA) stock in a research note released on December 13, 2023 offered a Buy rating with a price target of $58. Scotiabank was of a view on October 27, 2023 that the stock is Sector Perform, while Seaport Research Partners gave the stock Buy rating on October 06, 2023, issuing a price target of $53. Bernstein on their part issued Mkt Perform rating on October 06, 2023.

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