When looking at valuations, Comcast Corporation (CMCSA) has a cheap P/E of 14.6x as compared to industry average of 16.03x. It trades for 12.78 times the next 12 months of expected earnings. It is trading at rather expensive levels at just over 2.27x price/book and 1.84x price/sales. Compared to others, Comcast Corporation is in a different league with regards to profitability, having net margins of 27.3%. To put some perspective around this, the industry’s average net margin is 34.42%. CMCSA’s ROE is 34.5%, which is considerably better than the industry’s ROE of 12.36%. It’s very liquid in the near term, with a current ratio of 1.2. The stock has a debt/capital of 1.02.
Comcast Corporation (NASDAQ:CMCSA) is now worth $162.96B thanks to -0.53% drop in recent trade and currently has a price tag of $35.63. The shares traded as low as $35.31 and had $35.74 an intraday high earlier Friday. Trading activity significantly weakened as the volume at ready counter decreased to 18,575,407 shares versus 21,974,600 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 20,882,900 shares. The stock is now 17.09% above against its bear-market low of $30.43 on May 09, 2018. It has retreated -23.49% since it’s 52-week high of $44 reached in January. Now the market price is down -13.29% on the year and up 4.64% YTD.
CMCSA’s 50 day simple moving average (SMA 50) price is $36.84 and its 200-day simple moving average (SMA 200) price is $34.83. The company’s stock currently has a total float of 4.5B shares. Its weekly volatility is hovering around 1.53% and felt 3.02% volatility in price over a month. On the upside, the share price will test short term resistance at around $35.81. On a downside, the stock is likely to find some support, which begins at $35.38. The failure to get near-term support could push it to $35.13.
Separately, it has been reported that multiple insider activity took place at Comcast Corporation (CMCSA). EVP, GC and Secretary Block Arthur R sold 4,129 shares for $60,544 in transaction occurred on 2018/12/27. After making this transaction, the EVP, GC and Secretary owns a direct stake of 139,560 shares, worth $2,157,183, as per the last closing price. On 2018/12/18 Block Arthur R, EVP, GC and Secretary at CMCSA, dumped 5,743 shares at an average price of $36.41 per share. The selling total is valued at $2,157,183.
Director, Bacon Kenneth J had divested 7,636 shares for $33,603 through a trade on 2018/12/10. Following this activity, the insider holds 282,837 shares worth $1,197,275 as of recent close. Wall Street’s most bullish Comcast Corporation (NASDAQ:CMCSA) analysts are predicting the share price to blow past $52 per share during the next 12 months. The current median share price forecast by them is $44, suggesting that the stock could increase 23.49% in that time frame. The average price target of $44.21 calls for a nearly 24.08% increase in the stock price.
It had seen a new analyst call from Barclays, which initiated the stock at Overweight on November 13. Analysts at Morgan Stanley, started covering the stock on November 08 with a Overweight rating. The stock won favor of Credit Suisse analysts who expressed their confidence in it using an upgrade from Neutral to Outperform on October 26.
Shares of Comcast Corporation (CMCSA) have gained 4.4% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, Comcast Corporation (NASDAQ:CMCSA) has topped consensus earnings estimates in 10 quarters (83%), missed earnings in 0 quarters (0%), whereas at 2 occasion EPS met analyst expectations. CMCSA last reported earnings on October 25, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.65 per share, -91.19% change on the same period last year. That was better than consensus for $0.61. Revenue for the recent quarter stood at $22.14 billion, up 5% on last year and above the $21.82 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $26.44 billion to $28.09 billion, which should be compared with $22.79 billion generated last year. EPS is seen in a range of $0.67 to $0.77, against the $0.59 reported a year ago.