Comcast (NASDAQ:CMCSA) had its target price hoisted by Buckingham Research from $48.00 to $50.00 in a note issued to investors on Monday, January 8th, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the cable giant’s stock. Buckingham Research’s target price points to a potential upside of 19.96% from the company’s current price.
Several other research analysts have also commented on the company. Pivotal Research lifted their target price on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Moffett Nathanson upgraded Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, September 12th. They noted that the move was a valuation call. Barclays reduced their price objective on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, October 27th. KeyCorp restated a “neutral” rating on shares of Comcast in a research report on Sunday, September 17th. Finally, Wells Fargo & Co restated a “buy” rating and set a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.40.
Comcast (CMCSA) traded down $0.14 during mid-day trading on Monday, reaching $41.68. The company’s stock had a trading volume of 17,078,000 shares, compared to its average volume of 19,878,855. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a 52 week low of $34.78 and a 52 week high of $42.71. The stock has a market cap of $195,360.00, a P/E ratio of 19.66, a PEG ratio of 1.83 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share (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 had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. equities research analysts anticipate that Comcast will post 2.05 EPS for the current fiscal year.
In other news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders have sold 593,402 shares of company stock worth $22,961,401 over the last ninety days. 1.28% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of CMCSA. Wealthcare Advisory Partners LLC purchased a new position in Comcast in the third quarter valued at about $104,000. Zions Bancorporation grew its stake in Comcast by 16.8% in the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 410 shares in the last quarter. Clear Perspective Advisors LLC grew its stake in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Comcast in the second quarter valued at about $107,000. Finally, First Bank & Trust grew its stake in Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after purchasing an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.
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Comcast Company Profile
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.
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