Comcast (NASDAQ:CMCSA) Stock Price Up 0.6%

Comcast Co. (NASDAQ:CMCSA - Get Free Report)'s stock price shot up 0.6% during trading on Friday . The stock traded as high as $40.03 and last traded at $39.87. 4,377,697 shares were traded during trading, a decline of 79% from the average session volume of 20,389,197 shares. The stock had previously closed at $39.62.

Analyst Ratings Changes

CMCSA has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a "buy" rating in a report on Tuesday, January 30th. Oppenheimer reissued an "outperform" rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Evercore ISI reaffirmed an "outperform" rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Benchmark reiterated a "buy" rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.74.

Comcast Stock Up 1.6 %

The company's fifty day simple moving average is $41.86 and its 200-day simple moving average is $42.74. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $159.83 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

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 for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is currently owned by insiders.

Institutional Trading of Comcast

Several large investors have recently bought and sold shares of CMCSA. Capital World Investors grew its stake in shares of Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant's stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the period. Norges Bank purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $2,542,988,000. Morgan Stanley grew its stake in shares of Comcast by 15.2% in the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant's stock valued at $1,876,273,000 after buying an additional 7,084,451 shares during the period. Northern Trust Corp grew its stake in shares of Comcast by 0.3% in the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant's stock valued at $2,040,522,000 after buying an additional 141,874 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Comcast by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant's stock valued at $1,245,022,000 after buying an additional 189,845 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Company Profile

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.