Wolfe Research slashes price target on Comcast Corporation [CMCSA] – find out why.

Comcast Corporation [NASDAQ: CMCSA] jumped around 0.46 points on Friday, while shares priced at $39.57 at the close of the session, up 1.18%. The company report on June 23, 2022 that Comcast to Host Second Quarter 2022 Earnings Conference Call.


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Comcast Corporation will host a conference call with the financial community to discuss financial results for the second quarter on Thursday, July 28, 2022, at 8:30 a.m. Eastern Time (ET). Comcast will issue a press release reporting its results earlier that morning.

The conference call will be broadcast live on Comcast’s Investor Relations website at www.cmcsa.com. Those parties interested in participating via telephone should dial (929) 477-0336 with the conference ID number 722005.

Comcast Corporation stock is now -21.38% down from its year-to-date (YTD) trading value. CMCSA Stock saw the intraday high of $39.63 and lowest of $38.91 per share. The company’s 52-week high price is 61.80, which means current price is +5.35% above from all time high which was touched on 01/14/22.

Compared to the average trading volume of 24.20M shares, CMCSA reached a trading volume of 26645966 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $54.22 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 2.20. 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.

Wolfe Research have made an estimate for Comcast Corporation shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on June 02, 2022. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $67 to $50. The new note on the price target was released on April 29, 2022, representing the official price target for Comcast Corporation stock. Previously, the target price had yet another raise to $51, while Rosenblatt analysts kept a Neutral rating on CMCSA stock.

The Average True Range (ATR) for Comcast Corporation is set at 1.08, with the Price to Sales ratio for CMCSA stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 1.89, with the Price to Cash per share for the same quarter was set at 2.01. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 11.79 with Quick ratio for the last quarter at 0.90.

How has CMCSA stock performed recently?

Comcast Corporation [CMCSA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.38. With this latest performance, CMCSA shares dropped by -8.13% in over the last four-week period, additionally sinking by -19.29% over the last 6 months – not to mention a drop of -29.41% 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 39.90, with the RSI for the last a single of trading hit 41.15, and the three-weeks RSI is set at 40.03 for Comcast Corporation [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 42.40, while it was recorded at 38.95 for the last single week of trading, and 48.66 for the last 200 days.

Comcast Corporation [CMCSA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Comcast Corporation [CMCSA] shares currently have an operating margin of +17.89 and a Gross Margin at +55.10. Comcast Corporation’s Net Margin is presently recorded at +12.17.

Return on Equity for this stock inclined to 15.19, with Return on Assets sitting at 5.15.

Comcast Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Earnings analysis for Comcast Corporation [CMCSA]

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 13.00%.

Insider trade positions for Comcast Corporation [CMCSA]

There are presently around $148,424 million, or 85.10% of CMCSA stock, in the hands of institutional investors. The top three institutional holders of CMCSA stocks are: VANGUARD GROUP INC with ownership of 399,364,773, which is approximately 0.694% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 319,288,132 shares of the stock with an approximate value of $12.63 billion in CMCSA stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $8.03 billion in CMCSA stock with ownership of nearly -6.154% of the company’s market capitalization.

Positions in Comcast Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 1,252 institutional holders increased their position in Comcast Corporation [NASDAQ:CMCSA] by around 121,385,906 shares. Additionally, 1,025 investors decreased positions by around 167,683,456 shares, while 254 investors held positions by with 3,461,857,217 shares. The mentioned changes placed institutional holdings at 3,750,926,579 shares, according to the latest SEC report filing. CMCSA stock had 122 new institutional investments in for a total of 8,461,858 shares, while 166 institutional investors sold positions of 33,778,561 shares during the same period.

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