In the preceding three months, 12 analysts have released ratings for Comcast CMCSA, presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 0 | 7 | 0 | 0 |
| Last 30D | 1 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 0 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 1 | 0 | 0 |
| 3M Ago | 2 | 0 | 3 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $46.83, a high estimate of $60.00, and a low estimate of $38.00. Experiencing a 3.72% decline, the current average is now lower than the previous average price target of $48.64.
Deciphering Analyst Ratings: An In-Depth Analysis
The perception of Comcast by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| Jessica Reif Cohen | B of A Securities | Lowers | Neutral | $38.00 | $50.00 |
| Michael Ng | Goldman Sachs | Lowers | Buy | $44.00 | $50.00 |
| Tim Nollen | Macquarie | Maintains | Neutral | $42.00 | $42.00 |
| Steven Cahall | Wells Fargo | Lowers | Equal-Weight | $45.00 | $46.00 |
| Alan Gould | Loop Capital | Lowers | Buy | $53.00 | $54.00 |
| Benjamin Swinburne | Morgan Stanley | Lowers | Equal-Weight | $45.00 | $48.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Comcast. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Comcast compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Comcast's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
To gain a panoramic view of Comcast's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using 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.
Comcast's Financial Performance
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
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 is impressive, surpassing industry averages. With a net margin of 11.32%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.29%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Comcast's ROA excels beyond industry benchmarks, reaching 1.36%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.18, Comcast adopts a prudent financial strategy, indicating a balanced approach to debt management.
The Significance of Analyst Ratings Explained
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
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.
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