Fintel reports that on April 28, 2023, Credit Suisse reiterated coverage of Comcast Corp - (NASDAQ:CMCSA) with a Outperform recommendation.
Analyst Price Forecast Suggests 11.54% Upside
As of April 24, 2023, the average one-year price target for Comcast Corp - is 44.92. The forecasts range from a low of 33.33 to a high of $73.50. The average price target represents an increase of 11.54% from its latest reported closing price of 40.27.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Comcast Corp - is 123,715MM, an increase of 3.00%. The projected annual non-GAAP EPS is 3.87.
What is the Fund Sentiment?
There are 3618 funds or institutions reporting positions in Comcast Corp -. This is an increase of 126 owner(s) or 3.61% in the last quarter. Average portfolio weight of all funds dedicated to CMCSA is 0.71%, an increase of 12.06%. Total shares owned by institutions decreased in the last three months by 1.26% to 4,422,862K shares. 
The put/call ratio of CMCSA is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital International Investors holds 202,975K shares representing 4.81% ownership of the company. In it's prior filing, the firm reported owning 205,318K shares, representing a decrease of 1.15%. The firm increased its portfolio allocation in CMCSA by 8.45% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 130,979K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 131,297K shares, representing a decrease of 0.24%. The firm increased its portfolio allocation in CMCSA by 9.84% over the last quarter.
Capital Research Global Investors holds 121,167K shares representing 2.87% ownership of the company. In it's prior filing, the firm reported owning 115,377K shares, representing an increase of 4.78%. The firm increased its portfolio allocation in CMCSA by 15.18% over the last quarter.
Massachusetts Financial Services holds 102,906K shares representing 2.44% ownership of the company. In it's prior filing, the firm reported owning 102,801K shares, representing an increase of 0.10%. The firm increased its portfolio allocation in CMCSA by 11.44% over the last quarter.
AWSHX - WASHINGTON MUTUAL INVESTORS FUND holds 101,460K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 101,954K shares, representing a decrease of 0.49%. The firm increased its portfolio allocation in CMCSA by 18.51% over the last quarter.
Comcast Background Information
(This description is provided by the company.)
Comcast Corporation is a global media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States' largest high-speed internet, video, and phone providers to residential customers under the Xfinity brand, and also provides these services to businesses. It also provides wireless and security and automation services to residential customers under the Xfinity brand. NBCUniversal is global and operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures, and Universal Parks and Resorts. Sky is one of Europe's leading media and entertainment companies, connecting customers to a broad range of video content through its pay television services. It also provides communications services, including residential high-speed internet, phone, and wireless services. Sky operates the Sky News broadcast network and sports and entertainment networks, produces original content, and has exclusive content rights.
See all Comcast Corp - regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
