Comcast Corporation (NASDAQ: CMCSA) is -35.49% lower on its value in year-to-date trading and has touched a low of $32.68 and a high of $57.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMCSA stock was last observed hovering at around $32.70 in the last trading session, with the day’s loss setting it -0.23% off its average median price target of $45.50 for the next 12 months. It is also 53.61% off the consensus price target high of $70.00 offered by 35 analysts, but current levels are 1.61% higher than the price target low of $33.00 for the same period.
Currently trading at $32.47, the stock is -7.89% and -14.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 24.99 million and changing -0.70% at the moment leaves the stock -25.86% off its SMA200. CMCSA registered -42.04% loss for a year compared to 6-month loss of -30.20%.
The stock witnessed a -12.81% gain in the last 1 month and extending the period to 3 months gives it a -16.98%, and is -4.50% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.53% over the week and 2.67% over the month.
Comcast Corporation (CMCSA) has around 189000 employees, a market worth around $141.14B and $121.66B in sales. Current P/E ratio is 10.60 and Fwd P/E is 8.41. Profit margin for the company is 11.50%. Distance from 52-week low is -0.64% and -43.98% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).
Comcast Corporation (CMCSA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Comcast Corporation (CMCSA) is a “Overweight”. 35 analysts offering their recommendations for the stock have an average rating of 2.40, where 13 rate it as a Hold and 2 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Comcast Corporation is expected to release its quarterly report on 10/27/2022.The EPS is expected to grow by 33.50% this year
Comcast Corporation (CMCSA) Top Institutional Holders
The shares outstanding are 4.46B, and float is at 4.37B with Short Float at 1.65%.
Comcast Corporation (CMCSA) Insider Activity
A total of 24 insider transactions have happened at Comcast Corporation (CMCSA) in the last six months, with sales accounting for 6 and purchases happening 18 times. The most recent transaction is an insider sale by Murdock Daniel C., the company’s EVP & Chief Accounting Officer. SEC filings show that Murdock Daniel C. sold 8,929 shares of the company’s common stock on May 27 at a price of $44.50 per share for a total of $0.4 million. Following the sale, the insider now owns 1817.0 shares.
Comcast Corporation disclosed in a document filed with the SEC on Mar 11 that WATSON DAVID N (CEO – Comcast Cable) sold a total of 65,410 shares of the company’s common stock. The trade occurred on Mar 11 and was made at $45.69 per share for $2.99 million. Following the transaction, the insider now directly holds 0.6 million shares of the CMCSA stock.
Comcast Corporation (CMCSA): Who are the competitors?
The company’s main competitors (and peers) include Netflix Inc. (NFLX) that is trading -59.87% down over the past 12 months and The Walt Disney Company (DIS) that is -41.17% lower over the same period. Charter Communications Inc. (CHTR) is -55.56% down on the 1-year trading charts.