Comcast Corporation (CMCSA): Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Founded in 1963 and headquartered in Philadelphia, Pennsylvania, Comcast Corporation (CMCSA) stands as a leading global media and technology company within the Telecom Services industry. Renowned for its expansive portfolio, Comcast offers a variety of services including broadband and wireless connectivity, video services, and digital advertising. The company is well recognized for its ownership of NBCUniversal and the Peacock streaming platform, and it also enhances its brand with theme parks located in major cities like Orlando and Hollywood. As a publicly traded entity, Comcast has been listed since November 19, 2002, under the Communication Services sector.
Growth Potential and Analyst Sentiment
In a favorable market landscape, analysts are currently recommending the telecom services industry as a strong buy, with Comcast’s stock showing a high target price of $57.00. This indicates substantial growth potential, particularly when juxtaposed against the current trading price of $40.11. The stock’s target mean price is set at $46.34, suggesting a promising opportunity for appreciation. The company’s impressive total revenue of approximately $121.11 billion underscores its robust operational performance, and despite a lack of EBITDA data, the financial metrics offer a positive outlook for potential investors. Additionally, with a low short interest of 1.35% of the total float, investor confidence appears stable, suggesting that most shares are actively held rather than sold short.
Stock Performance and Volatility
Comcast’s current price of $40.11 is notably above its fifty-day moving average of $39.544, indicating a moderately bullish trend. Moreover, with the current price situated closer to its fifty-two week high of $47.11 than its low of $36.43, the stock exhibits a favorable positioning within its trading range. Over the past year, the fluctuations have demonstrated a degree of volatility, but the stock’s positive trajectory suggests a potential for future growth. Analysts maintain a mean recommendation score of 2.3, indicative of a buy sentiment backed by 26 analyst opinions, further solidifying Comcast as an appealing investment opportunity with significant differences between its target low and high prices.
| Metric | Value |
|---|---|
| Market Cap | $155.3b |
| Total Debt | $98.1b |
| Total Cash | $6.1b |
| Shares Outstanding | 3.9b |
| Float Shares | 3.8b |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.