Reviewing The Case For Comcast Corp (CMCSA) Going Higher

Currently, there are 3.82B common shares owned by the public and among those 3.79B shares have been available to trade.

The company’s stock has a 5-day price change of -2.83% and -12.17% over the past three months. CMCSA shares are trading -3.12% year to date (YTD), with the 12-month market performance down to -15.99% lower. It has a 12-month low price of $36.24 and touched a high of $47.11 over the same period. CMCSA has an average intraday trading volume of 19.62 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 -4.54%, -11.33%, and -9.11% respectively.

Institutional ownership of Comcast Corp (NASDAQ: CMCSA) shares accounts for 84.40% of the company’s 3.82B shares outstanding.

It has a market capitalization of $139.13B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 9.80, while the earnings-per-share (ttm) stands at $3.71. The company has a PEG of 1.19 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 2.09% over the week and 1.91% over the month.

Earnings per share for the fiscal year are expected to increase by 6.17%, and 3.79% over the next financial year. EPS should grow at an annualized rate of 8.26% 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. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on December 16, 2024, with the firm’s price target at $48-$45. Seaport Research Partners coverage for the Comcast Corp (CMCSA) stock in a research note released on December 12, 2024 offered a Buy rating with a price target of $46. Pivotal Research Group was of a view on July 24, 2024 that the stock is Buy, while Goldman gave the stock Buy rating on June 25, 2024, issuing a price target of $44. Seaport Research Partners on their part issued Neutral rating on June 24, 2024.

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