Comcast (NASDAQ:CMCSA – Get Free Report)‘s stock had its “buy” rating restated by Rosenblatt Securities in a research report issued on Monday, Benzinga reports. They presently have a $31.00 price target on the cable giant’s stock. Rosenblatt Securities‘s price target points to a potential upside of 41.86% from the stock’s previous close.
Several other research firms also recently commented on CMCSA. Royal Bank Of Canada set a $26.00 price objective on shares of Comcast and gave the company a “sector perform” rating in a report on Friday, July 24th. Bank of America reissued a “buy” rating and set a $35.00 price objective (down from $37.00) on shares of Comcast in a report on Wednesday, September 16th. Sanford C. Bernstein reissued a “market perform” rating and set a $23.00 price objective on shares of Comcast in a report on Tuesday, October 13th. The Goldman Sachs Group dropped their price objective on shares of Comcast from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Finally, Seaport Research Partners raised Comcast from a “neutral” rating to a “buy” rating in a research note on Thursday, July 2nd. Eleven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.81.
Read Our Latest Stock Report on Comcast
Comcast Price Performance
Shares of CMCSA traded down $0.51 during midday trading on Monday, hitting $21.85. 17,981,086 shares of the company traded hands, compared to its average volume of 32,610,027. The firm has a 50 day moving average of $24.01 and a 200-day moving average of $24.72. Comcast has a 52 week low of $20.48 and a 52 week high of $32.85. The stock has a market cap of $77.55 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.80 and a current ratio of 0.80.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts forecast that Comcast will post 3.49 EPS for the current fiscal year.
Institutional Trading of Comcast
Several institutional investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC increased its position in shares of Comcast by 48.2% during the first quarter. Cedar Mountain Advisors LLC now owns 1,196 shares of the cable giant’s stock worth $34,000 after acquiring an additional 389 shares during the period. PFG Investments LLC increased its position in shares of Comcast by 0.9% during the first quarter. PFG Investments LLC now owns 41,771 shares of the cable giant’s stock worth $1,199,000 after acquiring an additional 391 shares during the period. Simmons Bank increased its position in shares of Comcast by 2.3% during the first quarter. Simmons Bank now owns 17,795 shares of the cable giant’s stock worth $511,000 after acquiring an additional 400 shares during the period. Whipplewood Advisors LLC increased its position in shares of Comcast by 75.5% during the first quarter. Whipplewood Advisors LLC now owns 932 shares of the cable giant’s stock worth $27,000 after acquiring an additional 401 shares during the period. Finally, Bollard Group LLC increased its position in shares of Comcast by 1.1% during the first quarter. Bollard Group LLC now owns 37,607 shares of the cable giant’s stock worth $1,080,000 after acquiring an additional 405 shares during the period. Institutional investors own 84.32% of the company’s stock.
Comcast Company Profile
Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.
Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.
Featured Stories
- Five stocks we like better than Comcast
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
- Synchrony Aces The Quarter As Credit Fears Fade
- Higher Rates Are Sending Investors to These 3 Dividend Kings
- Steel Dynamics Eyes New Highs Despite Earnings Miss
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.
