Comcast (NASDAQ:CMCSA) Trading 0.2% Higher

Comcast Co. (NASDAQ:CMCSA) shares rose 0.2% on Monday . The company traded as high as $39.06 and last traded at $38.76. Approximately 3,236,002 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 20,625,426 shares. The stock had previously closed at $38.69.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. Citigroup cut their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Tuesday, April 9th. Finally, Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Price Performance

The stock has a market capitalization of $153.22 billion, a P/E ratio of 10.33, a PEG ratio of 0.97 and a beta of 0.99. The stock’s fifty day moving average is $41.11 and its 200-day moving average is $42.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. MAI Capital Management raised its position in shares of Comcast by 39.5% during the first quarter. MAI Capital Management now owns 313,283 shares of the cable giant’s stock valued at $13,581,000 after buying an additional 88,719 shares during the last quarter. Heritage Wealth Advisors raised its position in Comcast by 8.6% in the first quarter. Heritage Wealth Advisors now owns 1,010,044 shares of the cable giant’s stock worth $43,785,000 after purchasing an additional 80,332 shares in the last quarter. ProShare Advisors LLC raised its position in Comcast by 20.0% in the first quarter. ProShare Advisors LLC now owns 4,380,055 shares of the cable giant’s stock worth $189,875,000 after purchasing an additional 730,465 shares in the last quarter. Avantax Advisory Services Inc. raised its position in Comcast by 7.0% in the first quarter. Avantax Advisory Services Inc. now owns 218,467 shares of the cable giant’s stock worth $9,471,000 after purchasing an additional 14,247 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its position in Comcast by 0.9% in the first quarter. Hohimer Wealth Management LLC now owns 43,388 shares of the cable giant’s stock worth $1,881,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.