Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating restated by Robert W. Baird in a research report issued on Friday, November 17th. They presently have a $43.00 price objective on the cable giant’s stock. Robert W. Baird’s price objective suggests a potential upside of 11.31% from the company’s previous close.
A number of other research analysts have also recently weighed in on the stock. Barclays dropped their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. UBS reiterated an “overweight” rating on shares of Comcast in a research note on Thursday, August 24th. KeyCorp reiterated a “hold” rating on shares of Comcast in a research note on Tuesday, October 17th. ValuEngine downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Argus boosted their price objective on shares of Comcast from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average price target of $45.93.
Comcast (NASDAQ:CMCSA) traded down $0.89 during trading hours on Friday, reaching $38.63. 25,405,646 shares of the company were exchanged, compared to its average volume of 20,229,947. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a 12 month low of $34.03 and a 12 month high of $42.18. The stock has a market capitalization of $188,446.44, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01.
Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. equities analysts anticipate that Comcast will post 2.06 earnings per share for the current fiscal year.
In other news, Director Kenneth J. Bacon sold 2,232 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the sale, the director now owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CMCSA. TCI Wealth Advisors Inc. increased its stake in Comcast by 98.3% in the 1st quarter. TCI Wealth Advisors Inc. now owns 30,928 shares of the cable giant’s stock worth $1,163,000 after purchasing an additional 15,333 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in Comcast by 99.9% during the 1st quarter. Kistler Tiffany Companies LLC now owns 9,770 shares of the cable giant’s stock worth $367,000 after acquiring an additional 4,883 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Comcast by 98.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,725,122 shares of the cable giant’s stock valued at $64,847,000 after buying an additional 857,394 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Comcast by 111.0% during the 1st quarter. Gabelli Funds LLC now owns 1,810,200 shares of the cable giant’s stock valued at $68,045,000 after buying an additional 952,100 shares during the last quarter. Finally, RNC Capital Management LLC lifted its holdings in shares of Comcast by 85.4% during the 1st quarter. RNC Capital Management LLC now owns 7,454 shares of the cable giant’s stock valued at $280,000 after buying an additional 3,434 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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