Comcast (NASDAQ:CMCSA – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a note issued to investors on Monday, Benzinga reports. They currently have a $31.00 price target on the cable giant’s stock. Rosenblatt Securities‘s price objective would indicate a potential upside of 38.64% from the company’s previous close.
CMCSA has been the topic of a number of other reports. UBS Group restated a “neutral” rating and issued a $27.00 price target (down from $32.00) on shares of Comcast in a research note on Tuesday, September 15th. Royal Bank Of Canada set a $26.00 price target on Comcast and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Moffett Nathanson decreased their target price on Comcast from $52.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, September 22nd. KeyCorp cut Comcast from a “sector weight” rating to an “underweight” rating and set a $18.00 target price on the stock. in a report on Thursday, September 24th. Finally, Weiss Ratings lowered shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Eleven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.81.
View Our Latest Stock Report on Comcast
Comcast Trading Up 2.1%
CMCSA opened at $22.36 on Monday. The business has a 50 day simple moving average of $24.01 and a two-hundred day simple moving average of $24.72. The firm has a market capitalization of $79.35 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.57 and a beta of 0.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.80 and a quick ratio of 0.80. Comcast has a one year low of $20.48 and a one year high of $32.85.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its earnings results on Thursday, July 23rd. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. Comcast had a return on equity of 14.77% and a net margin of 8.97%. The firm had revenue of $29.94 billion during the quarter, compared to analyst estimates of $29.24 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Analysts predict that Comcast will post 3.49 EPS for the current year.
Institutional Investors Weigh In On Comcast
Several large investors have recently bought and sold shares of the company. Sowell Financial Services LLC lifted its stake in Comcast by 11.0% during the third quarter. Sowell Financial Services LLC now owns 71,971 shares of the cable giant’s stock worth $1,566,000 after purchasing an additional 7,114 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Comcast by 9.4% in the third quarter. Quadrant Capital Group LLC now owns 27,191 shares of the cable giant’s stock valued at $568,000 after buying an additional 2,336 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of Comcast by 25.4% in the third quarter. Physician Wealth Advisors Inc. now owns 2,874 shares of the cable giant’s stock worth $63,000 after acquiring an additional 583 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in Comcast by 8.8% during the third quarter. Pinnacle Associates Ltd. now owns 589,974 shares of the cable giant’s stock worth $12,838,000 after buying an additional 47,883 shares during the period. Finally, Uncommon Cents Investing Inc raised its position in shares of Comcast by 1.1% in the 3rd quarter. Uncommon Cents Investing Inc now owns 82,630 shares of the cable giant’s stock worth $1,798,000 after buying an additional 930 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.
About Comcast
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.
See Also
- Five stocks we like better than Comcast
- 3M’s Legal Troubles Are Fading. Is the Best Part of Its Rally Still Ahead?
- The AI Buildout Is Only 15% Complete—Here Is Where the Next Dollar Actually Goes
- Cleared For Takeoff: Boeing’s 737 MAX 10 Approval Sets Up a Major Cash Flow Recovery
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
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.
