Comcast (NASDAQ:CMCSA - Get Free Report) had its target price reduced by analysts at Wells Fargo & Company from $47.00 to $43.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the cable giant's stock. Wells Fargo & Company's price objective indicates a potential upside of 11.49% from the stock's previous close.
A number of other research firms also recently commented on CMCSA. Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research note on Friday. BNP Paribas restated a "neutral" rating and issued a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Evercore ISI restated an "outperform" rating and issued a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. StockNews.com downgraded shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Finally, Scotiabank reduced their price target on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.45.
Check Out Our Latest Stock Analysis on CMCSA
Comcast Trading Up 1.8 %
Shares of Comcast stock traded up $0.70 during trading hours on Friday, hitting $38.57. The company's stock had a trading volume of 29,782,818 shares, compared to its average volume of 20,954,010. Comcast has a 1-year low of $36.43 and a 1-year high of $47.46. The business has a fifty day moving average of $41.64 and a 200 day moving average of $42.61. The company has a market capitalization of $153.19 billion, a PE ratio of 10.35, a P/E/G ratio of 0.98 and a beta of 0.98. 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 released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. As a group, equities analysts forecast that Comcast will post 4.23 EPS for the current year.
Insider Transactions at Comcast
In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.18% of the stock is currently owned by insiders.
Institutional Trading of Comcast
Several institutional investors have recently made changes to their positions in CMCSA. Luken Investment Analytics LLC boosted its holdings in shares of Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant's stock worth $25,000 after purchasing an additional 418 shares during the period. Steph & Co. lifted its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant's stock valued at $26,000 after acquiring an additional 371 shares during the last quarter. NewSquare Capital LLC lifted its stake in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock valued at $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its stake in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant's stock valued at $28,000 after acquiring an additional 475,675 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new stake in Comcast in the fourth quarter valued at approximately $28,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.
About Comcast
(
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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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