Market Analysts see Comcast Corporation [CMCSA] gaining to $48. Time to buy?

Comcast Corporation [NASDAQ: CMCSA] gained 1.64% on the last trading session, reaching $56.37 price per share at the time. The company report on March 19, 2021 that Comcast Announces Redemption of NBCUniversal Enterprise’s Series A Cumulative Preferred Stock.

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Comcast Corporation (NASDAQ: CMCSA) announced that its subsidiary, NBCUniversal Enterprise, Inc. (NBCUE), has elected to exercise its right to redeem on March 26, 2021 all of its outstanding Series A Cumulative Preferred Stock, par value of $0.01 per share (Preferred Stock) for a total redemption payment of $724.7 million. The dividend rate of the Preferred Stock to be redeemed is 5.25%.

NBCUE will redeem all of the 724,700 issued and outstanding shares of Preferred Stock at a redemption price of $1,000.00 per share plus any accrued and unpaid dividends from the last dividend payment date, if any. On and after the redemption date, the Preferred Stock will no longer be deemed outstanding, and no further dividends will be declared or payable on it.

Comcast Corporation represents 4.58 billion in outstanding shares, while the company has a total market value of $260.12 billion with the latest information. CMCSA stock price has been found in the range of $55.25 to $56.52.

If compared to the average trading volume of 18.23M shares, CMCSA reached a trading volume of 17334782 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Comcast Corporation [CMCSA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMCSA shares is $60.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMCSA stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Comcast Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 17, 2021. While these analysts kept the previous recommendation, The Benchmark Company raised their target price from $65 to $70. The new note on the price target was released on February 09, 2021, representing the official price target for Comcast Corporation stock. Previously, the target price had yet another raise from $56 to $60, while Cowen kept a Outperform rating on CMCSA stock. On January 26, 2021, analysts increased their price target for CMCSA shares from 54 to 58.

The Average True Range (ATR) for Comcast Corporation is set at 1.20, with the Price to Sales ratio for CMCSA stock in the period of the last 12 months amounting to 2.51. The Price to Book ratio for the last quarter was 2.86, with the Price to Cash per share for the same quarter was set at 2.54. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 22.78 with Quick ratio for the last quarter at 0.90.

Trading performance analysis for CMCSA stock

Comcast Corporation [CMCSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, CMCSA shares gained by 8.20% in over the last four-week period, additionally plugging by 24.55% over the last 6 months – not to mention a rise of 68.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CMCSA stock in for the last two-week period is set at 58.76, with the RSI for the last a single of trading hit 56.31, and the three-weeks RSI is set at 59.30 for Comcast Corporation [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 52.66, while it was recorded at 56.65 for the last single week of trading, and 47.00 for the last 200 days.

Comcast Corporation [CMCSA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Comcast Corporation [CMCSA] shares currently have an operating margin of +17.12 and a Gross Margin at +55.37. Comcast Corporation’s Net Margin is presently recorded at +10.17.

Return on Total Capital for CMCSA is now 8.84, given the latest momentum, and Return on Invested Capital for the company is 5.44. Return on Equity for this stock inclined to 12.17, with Return on Assets sitting at 3.92. When it comes to the capital structure of this company, Comcast Corporation [CMCSA] has a Total Debt to Total Equity ratio set at 125.53. Additionally, CMCSA Total Debt to Total Capital is recorded at 55.66, with Total Debt to Total Assets ending up at 41.40. Long-Term Debt to Equity for the company is recorded at 121.26, with the Long-Term Debt to Total Capital now at 53.76.

Reflecting on the efficiency of the workforce at the company, Comcast Corporation [CMCSA] managed to generate an average of $62,702 per employee. Receivables Turnover for the company is 9.10 with a Total Asset Turnover recorded at a value of 0.39.Comcast Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Comcast Corporation [CMCSA]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Comcast Corporation posted 0.71/share EPS, while the average EPS was predicted by analysts to be reported at 0.68/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CMCSA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Comcast Corporation go to 14.39%.

An analysis of insider ownership at Comcast Corporation [CMCSA]

There are presently around $213,192 million, or 85.60% of CMCSA stock, in the hands of institutional investors. The top three institutional holders of CMCSA stocks are: VANGUARD GROUP INC with ownership of 388,640,351, which is approximately -0.462% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 317,041,476 shares of the stock with an approximate value of $17.87 billion in CMCSA stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $12.17 billion in CMCSA stock with ownership of nearly 3.482% of the company’s market capitalization.

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Positions in Comcast Corporation stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 1,221 institutional holders increased their position in Comcast Corporation [NASDAQ:CMCSA] by around 127,618,661 shares. Additionally, 884 investors decreased positions by around 131,221,415 shares, while 223 investors held positions by with 3,585,223,802 shares. The mentioned changes placed institutional holdings at 3,844,063,878 shares, according to the latest SEC report filing. CMCSA stock had 301 new institutional investments in for a total of 23,492,155 shares, while 93 institutional investors sold positions of 17,400,722 shares during the same period.

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