Comcast (NASDAQ:CMCSA)‘s stock had its “outperform” rating restated by analysts at Evercore ISI in a report issued on Tuesday, January 9th, MarketBeat Ratings reports. They presently have a $48.00 target price on the cable giant’s stock, up from their previous target price of $44.00. Evercore ISI’s price target would indicate a potential upside of 12.86% from the company’s current price.
A number of other equities analysts have also recently commented on the company. Nomura decreased their target price on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a report on Monday, October 16th. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 target price on shares of Comcast in a report on Wednesday, October 4th. Pivotal Research raised their price target on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Wells Fargo & Co reissued a “buy” rating and set a $49.00 price target on shares of Comcast in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.74.
Shares of Comcast (NASDAQ:CMCSA) traded up $0.19 on Tuesday, reaching $42.53. The company’s stock had a trading volume of 26,823,104 shares, compared to its average volume of 21,650,000. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast has a 1-year low of $34.78 and a 1-year high of $44.00. The stock has a market cap of $198,780.00, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 1.67 and a beta of 1.00.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. equities analysts expect that Comcast will post 2.46 earnings per share for the current fiscal year.
In related news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephen B. Burke sold 190,756 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now directly owns 1,214,811 shares of the company’s stock, valued at approximately $51,641,615.61. The disclosure for this sale can be found here. Insiders sold 784,158 shares of company stock valued at $31,070,439 in the last quarter. 1.28% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of CMCSA. Connecticut Wealth Management LLC increased its position in shares of Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares in the last quarter. Financial Consulate Inc. increased its position in shares of Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares in the last quarter. Clarius Group LLC increased its position in shares of Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. increased its position in shares of Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares in the last quarter. Finally, Peoples Bank OH grew its holdings in shares of Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares during the last quarter. 82.33% of the stock is owned by institutional investors.
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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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