Comcast (NASDAQ:CMCSA – Get Free Report)‘s stock had its “outperform” rating reissued by Evercore ISI in a note issued to investors on Tuesday, Benzinga reports. They presently have a $50.00 price objective on the cable giant’s stock. Evercore ISI’s price target would indicate a potential upside of 17.70% from the company’s previous close.
A number of other analysts have also weighed in on CMCSA. Pivotal Research upped their target price on Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Wells Fargo & Company increased their price objective on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday. Citigroup increased their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.
View Our Latest Stock Report on CMCSA
NASDAQ:CMCSA traded down $0.16 during midday trading on Tuesday, hitting $42.48. The stock had a trading volume of 19,299,176 shares, compared to its average volume of 20,377,221. Comcast has a one year low of $36.17 and a one year high of $47.46. The company has a market capitalization of $168.72 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.95 and a beta of 0.98. The stock has a 50-day moving average of $43.09 and a 200 day moving average of $43.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.
Comcast (NASDAQ:CMCSA – Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. As a group, sell-side analysts forecast that Comcast will post 4.3 EPS for the current year.
In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.18% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of the business. HighPoint Advisor Group LLC purchased a new position in Comcast in the 4th quarter worth approximately $5,336,000. Fairman Group LLC purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $333,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Comcast by 215.7% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after buying an additional 2,474,946 shares during the period. Ariston Services Group purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $261,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Comcast during the 4th quarter valued at approximately $5,828,000. 84.32% of the stock is owned by hedge funds and other institutional investors.
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.
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