Comcast Corp [CMCSA] stock Downgrade by Redburn Atlantic analyst, price target now $44

Comcast Corp [NASDAQ: CMCSA] price surged by 0.65 percent to reach at $0.28. The company report on March 26, 2024 at 10:00 AM that Xfinity Teams With Basketball Superstar Caitlin Clark.

Clark Participates in New Installment of Xfinity’s “Real Deal” Campaign – timed with the Women’s NCAA Tournament.

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Xfinity is teaming up with basketball star Caitlin Clark on a number of joint marketing opportunities, social media activations, and engagement through Xfinity Rewards – Xfinity’s customer appreciation program. At the tip-off of the collaboration, Clark participates in Xfinity’s latest installment of its “Real Deal” marketing campaign that kicked off with San Francisco 49ers running back Christian McCaffery in February 2024.

The one-year CMCSA stock forecast points to a potential upside of 14.61. The average equity rating for CMCSA stock is currently 1.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Comcast Corp [CMCSA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMCSA shares is $50.77 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 1.90. 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.

Redburn Atlantic have made an estimate for Comcast Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 15, 2024. While these analysts kept the previous recommendation, Pivotal Research Group raised their target price from $55 to $58. The new note on the price target was released on December 13, 2023, representing the official price target for Comcast Corp stock. Previously, the target price had yet another drop from $50 to $49, while Scotiabank kept a Sector Perform rating on CMCSA stock.

The Average True Range (ATR) for Comcast Corp is set at 0.73, with the Price to Sales ratio for CMCSA stock in the period of the last 12 months amounting to 1.42. The Price to Book ratio for the last quarter was 2.09, with the Price to Cash per share for the same quarter was set at 1.56. Price to Free Cash Flow for CMCSA in the course of the last twelve months was 10.59 with Quick ratio for the last quarter at 0.60.

CMCSA Stock Performance Analysis:

Comcast Corp [CMCSA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.07. With this latest performance, CMCSA shares gained by 2.85% in over the last four-week period, additionally sinking by -2.80% over the last 6 months – not to mention a rise of 18.93% 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 56.05, with the RSI for the last a single of trading hit 60.68, and the three-weeks RSI is set at 53.47 for Comcast Corp [CMCSA]. The present Moving Average for the last 50 days of trading for this stock 43.14, while it was recorded at 42.86 for the last single week of trading, and 43.39 for the last 200 days.

Insight into Comcast Corp Fundamentals:

Comcast Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

CMCSA Stock EPS

With the latest financial reports released by the company, Comcast Corp posted 0.92/share EPS, while the average EPS was predicted by analysts to be reported at 0.82/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.20%. 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 Corp go to 9.53%.

Comcast Corp [CMCSA] Institutonal Ownership Details

There are presently around $160.4 billion, or None% of CMCSA stock, in the hands of institutional investors. The top three institutional holders of CMCSA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CMCSA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CMCSA stock with ownership which is approximately 5.8325%.