Is Comcast Corp (NASDAQ: CMCSA) Back In The Buying Zone?

Currently, there are 3.97B common shares owned by the public and among those 3.83B shares have been available to trade.

The company’s stock has a 5-day price change of 4.56% and 11.18% over the past three months. CMCSA shares are trading -0.66% year to date (YTD), with the 12-month market performance up to 4.16% higher. It has a 12-month low price of $36.43 and touched a high of $47.11 over the same period. CMCSA has an average intraday trading volume of 17.53 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 4.20%, 6.75%, and 7.46% respectively.

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Institutional ownership of Comcast Corp (NASDAQ: CMCSA) shares accounts for 85.00% of the company’s 3.97B shares outstanding.

It has a market capitalization of $168.26B and a beta (3y monthly) value of 1.00. The stock’s trailing 12-month PE ratio is 11.74, while the earnings-per-share (ttm) stands at $3.71. The company has a PEG of 1.49 and a Quick Ratio of 0.72 with the debt-to-equity ratio at 1.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.55% over the week and 2.14% over the month.

Earnings per share for the fiscal year are expected to increase by 6.13%, and 4.36% over the next financial year. EPS should shrink at an annualized rate of 7.88% 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. Pivotal Research Group stated their Buy rating for the stock in a research note on July 24, 2024, with the firm’s price target at $48-$47. Goldman coverage for the Comcast Corp (CMCSA) stock in a research note released on June 25, 2024 offered a Buy rating with a price target of $44. Seaport Research Partners was of a view on June 24, 2024 that the stock is Neutral, while Exane BNP Paribas gave the stock Underperform rating on June 11, 2024, issuing a price target of $34. Exane BNP Paribas on their part issued Neutral rating on April 09, 2024.

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