Shares of Comcast Co. (NASDAQ:CMCSA) have been assigned an average rating of “Buy” from the twenty-four analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $45.44.
CMCSA has been the topic of several research analyst reports. Guggenheim upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price target on the stock in a research note on Thursday, May 30th. TD Securities lifted their price objective on shares of Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of Comcast from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Macquarie began coverage on shares of Comcast in a research note on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price objective on the stock.
In other news, SVP Daniel C. Murdock sold 1,701 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $41.46, for a total transaction of $70,523.46. Following the transaction, the senior vice president now directly owns 4,712 shares in the company, valued at $195,359.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.35% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its position in Comcast by 3.1% during the second quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock worth $27,051,000 after purchasing an additional 19,495 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Comcast by 4.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock valued at $1,838,000 after purchasing an additional 1,675 shares in the last quarter. PDS Planning Inc bought a new position in shares of Comcast during the 1st quarter valued at about $226,000. Cibc Bank USA boosted its position in shares of Comcast by 23.1% during the 2nd quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock valued at $1,145,000 after purchasing an additional 5,079 shares in the last quarter. Finally, Ironwood Investment Counsel LLC boosted its position in shares of Comcast by 0.5% during the 2nd quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock valued at $2,178,000 after purchasing an additional 243 shares in the last quarter. 82.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Comcast stock traded up $0.83 during trading on Friday, hitting $43.18. 14,052,100 shares of the stock were exchanged, compared to its average volume of 17,633,956. The stock has a market cap of $195.97 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. The firm’s 50-day moving average price is $43.42 and its 200 day moving average price is $41.42. Comcast has a 12-month low of $32.61 and a 12-month high of $45.29. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.69 and a quick ratio of 0.69.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a net margin of 11.64% and a return on equity of 17.50%. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. As a group, research analysts forecast that Comcast will post 3.07 earnings per share for the current year.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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