Moffett Nathanson Reaffirms Buy Rating for Comcast Corporation (NASDAQ:CMCSA)

Comcast Corporation (NASDAQ:CMCSA)‘s stock had its “buy” rating reiterated by research analysts at Moffett Nathanson in a note issued to investors on Monday, October 16th.

Several other brokerages have also recently issued reports on CMCSA. KeyCorp reaffirmed a “hold” rating on shares of Comcast Corporation in a research report on Tuesday, October 17th. Robert W. Baird reaffirmed a “buy” rating and set a $43.00 target price on shares of Comcast Corporation in a research report on Wednesday, October 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $44.00 target price on shares of Comcast Corporation in a research report on Thursday, September 21st. ValuEngine cut Comcast Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, UBS AG reaffirmed an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.84.

Shares of Comcast Corporation (CMCSA) opened at 36.79 on Monday. The firm has a 50-day moving average price of $37.60 and a 200 day moving average price of $39.17. The company has a market capitalization of $173.40 billion, a P/E ratio of 18.53 and a beta of 0.98. Comcast Corporation has a 12-month low of $30.02 and a 12-month high of $42.18.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast Corporation had a return on equity of 17.17% and a net margin of 11.99%. Comcast Corporation’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, equities research analysts predict that Comcast Corporation will post $2.05 earnings per share for the current year.

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In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the completion of the transaction, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 4,091 shares of Comcast Corporation stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total value of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Insiders have sold a total of 9,982 shares of company stock valued at $385,050 in the last quarter. Company insiders own 1.28% of the company’s stock.

Several institutional investors have recently made changes to their positions in CMCSA. United States Steel & Carnegie Pension Fund increased its stake in shares of Comcast Corporation by 100.0% in the 1st quarter. United States Steel & Carnegie Pension Fund now owns 1,126,216 shares of the cable giant’s stock valued at $42,334,000 after purchasing an additional 563,108 shares in the last quarter. Waldron LP increased its stake in shares of Comcast Corporation by 191.1% in the 1st quarter. Waldron LP now owns 46,885 shares of the cable giant’s stock valued at $1,767,000 after purchasing an additional 30,777 shares in the last quarter. Parsons Capital Management Inc. RI increased its stake in shares of Comcast Corporation by 101.4% in the 1st quarter. Parsons Capital Management Inc. RI now owns 294,701 shares of the cable giant’s stock valued at $11,078,000 after purchasing an additional 148,383 shares in the last quarter. Garrison Bradford & Associates Inc. increased its stake in shares of Comcast Corporation by 100.0% in the 1st quarter. Garrison Bradford & Associates Inc. now owns 13,000 shares of the cable giant’s stock valued at $489,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Rockefeller Financial Services Inc. increased its stake in shares of Comcast Corporation by 69.2% in the 1st quarter. Rockefeller Financial Services Inc. now owns 99,540 shares of the cable giant’s stock valued at $3,742,000 after purchasing an additional 40,708 shares in the last quarter. Hedge funds and other institutional investors own 81.82% of the company’s stock.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Analyst Recommendations for Comcast Corporation (NASDAQ:CMCSA)

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