Comcast (CMCSA) Downgraded by Raymond James to Market Perform

Comcast stock has undergone multiple analysts rating changes in the recent past.  Comcast Downgraded by Raymond James on 10-11-21. In a note to investors, the firm issued a new rating of Market Perform. The analysts previously had rating of Outperform.

Shares of Comcast traded down -$2.48 on Monday, reaching $52.22. 31934922 shares of the stock traded hands, compared to its average volume of 17595679. Shares of Comcast were trading at $52.22 on Monday. The firm’s 50 day moving average is $58.13 and its 200 day moving average is $55.63.Comcast has a 12 month low of $52.17 and a 12 month high of $61.80. While on yearly highs and lows, Comcast’s today has traded high as $54.10 and has touched $52.17 on the downward trend. See More Analyst Rating at: RATING

Comcast Earnings and What to expect: 

Comcast last released its earnings data on July 29th, 2021. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.17. The firm earned $28.55 billion during the quarter, compared to analyst estimates of $27.14 billion. Comcast has generated $2.61 earnings per share over the last year ($2.68 diluted earnings per share) and currently has a price-to-earnings ratio of 19.5. Earnings for Comcast are expected to grow by 22.04% in the coming year, from $3.13 to $3.82 per share. Comcast has confirmed that its next quarterly earnings report will be published on Thursday, October 28th, 2021. Comcast will be holding an earnings conference call on Thursday, October 28th at 8:30 AM Eastern. Interested parties can or dial in at 855-859-2056 with passcode “4073347”.

Earnings for Comcast are expected to grow by 22.04% in the coming year, from $3.13 to $3.82 per share. The P/E ratio of Comcast is 19.49, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of Comcast is 19.49, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 21.31. Comcast has a PEG Ratio of 1.15. PEG Ratios above 1 indicate that a company could be overvalued. Comcast has a P/B Ratio of 2.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Comcast (CMCSA) Moving Average Technical Analysis

5 day Moving Average is $55.60 And 5 day price change is -$4.56 (-8.03%)  with average volume for 5 day average is 21,649,779. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $56.14 and 20 day price change is -$7.75 (-12.92%) and average 20 day moving volume is 20,863,244. 50 day moving average is $58.13  and 50 day price change is -$6.61 ( -11.24%)  and with average volume for 50 days is : 15,101,530. 200 day moving average is $55.63  and 200 day price change is $2.19 (4.37%)  and with average volume for 200 days is : 16,455,270.

Other owners latest trading in Comcast :

  • On 10/8/2021 shares held by Timber Creek Capital Management LLC were 196,719 which equates to market value of $11M and appx 3.50% owners of Comcast
  • On 10/8/2021 shares held by Vigilant Capital Management LLC were 6,351 which equates to market value of $0.36M and appx 0.00% owners of Comcast
  • On 10/8/2021 shares held by Boltwood Capital Management were 28,100 which equates to market value of $1.57M and appx 0.60% owners of Comcast
  • In total Institutional ownership equates to Institutional Ownership Percentage: 82.49% for Comcast

See More Analyst Rating at: RATING