Comcast (NASDAQ:CMCSA) Rating Upgraded to Strong-Buy on StockNews.com
Several other research analysts also weighed in on CMCSA. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and lowered its price target for the stock from $67.00 to $50.00 in a Friday, April 29 research report. Daiwa Capital Markets began covering Comcast in a research report on Friday, July 1. They issued an “outperform” rating and a price target of $43.00 for the company. Deutsche Bank Aktiengesellschaft lowered its price target on Comcast from $62.00 to $60.00 in a Friday, April 29 research note. Raymond James reiterated a “hold” rating on Comcast shares in a Friday, July 8 research note. Finally, Barclays reduced its price target on Comcast from $56.00 to $48.00 in a Friday, April 29 research note. One analyst gave the stock a sell rating, eight gave the company a hold rating, fifteen gave the stock a buy rating and one gave the company a high buy rating. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average target price of $56.22.
Comcast Price Performance
Stock CMCSA opened at $40.90 on Friday. The company has a debt ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day simple moving average of $41.02 and a 200-day simple moving average of $45.18. The company has a market capitalization of $185.41 billion, a PE ratio of 13.19, a growth price-earnings ratio of 0.80 and a beta of 0.97. Comcast has a 1-year low of $37.56 and a 1-year high of $61.80.
Comcast (NASDAQ: CMCSA – Get a rating) last released its quarterly results on Thursday, April 28. The cable giant reported earnings per share (EPS) of $0.86 for the quarter, beating consensus analyst estimates of $0.80 by $0.06. The company posted revenue of $31.01 billion in the quarter, versus analyst estimates of $30.40 billion. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The company’s revenues increased by 14.0% compared to the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $0.76. Equity research analysts expect Comcast to post earnings per share of 3.61 for the current fiscal year.
Insider buying and selling
In related news, CAD Daniel C. Murdock sold 8,929 shares of the company in a transaction dated Friday, May 27. The stock was sold at an average price of $44.50, for a total transaction of $397,340.50. As a result of the transaction, the accounting chief now owns 1,817 shares of the company, valued at $80,856.50. The transaction was disclosed in a document filed with the SEC, accessible via this link. Company insiders own 1.11% of the company’s shares.
Institutional investors weigh in on Comcast
A number of hedge funds have recently increased or reduced their stakes in the company. Baker Tilly Wealth Management LLC increased its position in Comcast shares by 40.7% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 73,266 shares of the cable giant valued at $3,430,000 after acquiring an additional 21,211 shares during the period. WC Walker & Associates Inc. raised its position in Comcast shares by 1.5% in the first quarter. WC Walker & Associates Inc. now owns 50,498 shares of the cable giant valued at $2,419,000 after acquiring an additional 740 shares during the period. Cooper Financial Group raised its position in Comcast shares by 5.1% in the first quarter. Cooper Financial Group now owns 7,803 shares of the cable giant valued at $365,000 after acquiring 382 additional shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Comcast shares by 0.6% in Q1. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 43,031 shares of the cable giant valued at $2,015,000 after acquiring 276 additional shares during the period. Finally, Pendal Group Ltd acquired a new equity stake in Comcast during Q1 worth approximately $271,000. Institutional investors and hedge funds own 83.33% of the company’s shares.
Comcast Corporation operates as a worldwide media and technology company. It operates through Cable Communications, Media, Studios, Theme Parks and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless and other services to residential and business customers under the Xfinity brand; and advertising services.
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