16 analysts have expressed a variety of opinions on Comcast CMCSA over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 8 | 2 | 6 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 0 | 1 | 0 | 0 |
| 2M Ago | 5 | 2 | 5 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $49.42, along with a high estimate of $60.00 and a low estimate of $40.00. This upward trend is evident, with the current average reflecting a 2.53% increase from the previous average price target of $48.20.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of Comcast by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| David Joyce | Seaport Global | Announces | Buy | $46.00 | - |
| Matthew Harrigan | Benchmark | Maintains | Buy | $60.00 | $60.00 |
| Matthew Harrigan | Benchmark | Maintains | Buy | $60.00 | $60.00 |
| Tim Nollen | Macquarie | Raises | Neutral | $42.00 | $40.00 |
| Barton Crockett | Rosenblatt | Maintains | Neutral | $45.00 | $45.00 |
| Kannan Venkateshwar | Barclays | Raises | Equal-Weight | $42.00 | $40.00 |
| Steven Cahall | Wells Fargo | Raises | Equal-Weight | $46.00 | $43.00 |
| Brandon Nispel | Keybanc | Raises | Overweight | $47.00 | $44.00 |
| Jeffrey Wlodarczak | Pivotal Research | Raises | Buy | $54.00 | $47.00 |
| Gregory Williams | TD Cowen | Lowers | Buy | $48.00 | $50.00 |
| Bryan Kraft | Deutsche Bank | Raises | Buy | $50.00 | $49.00 |
| Tim Nollen | Macquarie | Maintains | Neutral | $40.00 | $40.00 |
| Matthew Harrigan | Benchmark | Raises | Buy | $60.00 | $55.00 |
| Maher Yaghi | Scotiabank | Raises | Sector Outperform | $48.00 | $47.75 |
| Matthew Harrigan | Benchmark | Maintains | Buy | $55.00 | $55.00 |
| Maher Yaghi | Scotiabank | Raises | Sector Perform | $47.75 | $47.25 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Comcast. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Comcast compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Comcast's stock. This examination reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Comcast's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Comcast analyst ratings.
Delving into Comcast's Background
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 63 million US homes and businesses, or nearly half of the country. About 50% of the locations in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is a large television provider in the UK and has invested heavily in proprietary content to build this position. Sky is also a large pay-television provider in Italy and has a presence in Germany and Austria.
Financial Insights: Comcast
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Comcast showcased positive performance, achieving a revenue growth rate of 6.49% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Communication Services sector.
Net Margin: Comcast's net margin excels beyond industry benchmarks, reaching 11.32%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Comcast's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.29%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Comcast's ROA stands out, surpassing industry averages. With an impressive ROA of 1.36%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.18.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
