why Comcast Corporation [CMCSA] is a Good Choice for Investors After New Price Target of $44.78

Comcast Corporation [NASDAQ: CMCSA] loss -2.00% on the last trading session, reaching $39.60 price per share at the time. The company report on January 27, 2023 that MSNBC and Noticias Telemundo Host ‘National Day of Racial Healing’ Town Halls on Jan. 17 From New Orleans.

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MSNBC and Noticias Telemundo hosted town halls on the National Day of Racial Healing on January 17, 2023.

The live studio audience events, sponsored by the W.K. Kellogg Foundation (WKKF), broadcasted from the iconic Studio BE, a cultural landmark in New Orleans.

Comcast Corporation represents 4.38 billion in outstanding shares, while the company has a total market value of $174.71 billion with the latest information. CMCSA stock price has been found in the range of $39.53 to $40.39.

If compared to the average trading volume of 23.94M shares, CMCSA reached a trading volume of 20773455 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 $44.78 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 2.40. 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.

Truist have made an estimate for Comcast Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 05, 2023. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $30 to $38. The new note on the price target was released on December 05, 2022, representing the official price target for Comcast Corporation stock. Previously, the target price had yet another drop from $42 to $36, while Citigroup kept a Buy rating on CMCSA stock. On August 15, 2022, analysts decreased their price target for CMCSA shares from 60 to 44.

The Average True Range (ATR) for Comcast Corporation is set at 0.92, with the Price to Sales ratio for CMCSA stock in the period of the last 12 months amounting to 1.44. The Price to Book ratio for the last quarter was 2.16, with the Price to Cash per share for the same quarter was set at 1.29. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 13.18 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for CMCSA stock

Comcast Corporation [CMCSA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.58. With this latest performance, CMCSA shares gained by 13.14% in over the last four-week period, additionally plugging by 0.48% over the last 6 months – not to mention a drop of -18.28% 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 63.53, with the RSI for the last a single of trading hit 61.54, and the three-weeks RSI is set at 63.30 for Comcast Corporation [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 36.32, while it was recorded at 40.02 for the last single week of trading, and 37.47 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 +18.63 and a Gross Margin at +57.15. Comcast Corporation’s Net Margin is presently recorded at +4.42.

Return on Equity for this stock inclined to 6.07, with Return on Assets sitting at 2.01.

Comcast Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

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

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 7.32%.

An analysis of insider ownership at Comcast Corporation [CMCSA]

There are presently around $142,117 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 405,068,330, which is approximately 0.743% of the company’s market cap and around 0.69% of the total institutional ownership; BLACKROCK INC., holding 317,754,099 shares of the stock with an approximate value of $12.58 billion in CMCSA stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $8.13 billion in CMCSA stock with ownership of nearly -0.945% of the company’s market capitalization.

976 institutional holders increased their position in Comcast Corporation [NASDAQ:CMCSA] by around 139,371,436 shares. Additionally, 1,157 investors decreased positions by around 204,150,504 shares, while 202 investors held positions by with 3,245,303,120 shares. The mentioned changes placed institutional holdings at 3,588,825,060 shares, according to the latest SEC report filing. CMCSA stock had 138 new institutional investments in for a total of 19,581,535 shares, while 192 institutional investors sold positions of 23,494,846 shares during the same period.


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