Comcast Co. (NASDAQ:CMCSA - Get Free Report)'s share price traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $40.76 and last traded at $40.60. 3,093,177 shares traded hands during trading, a decline of 85% from the average session volume of 20,480,238 shares. The stock had previously closed at $40.57.
Wall Street Analyst Weigh In
CMCSA has been the topic of several research reports. StockNews.com cut Comcast from a "strong-buy" rating to a "buy" rating in a report on Friday, March 22nd. Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the company a "buy" rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Oppenheimer restated an "outperform" rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Benchmark reiterated a "buy" rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.74.
Check Out Our Latest Stock Report on Comcast
Comcast Stock Down 0.5 %
The company has a market capitalization of $160.30 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.98 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm's 50 day simple moving average is $41.75 and its 200-day simple moving average is $42.66.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results 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. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The firm had revenue of $31.25 billion during the quarter, compared to analysts' expectations of $30.41 billion. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, President Michael J. Cavanagh sold 114,749 shares of the company's stock in a transaction that occurred on 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 at this link. Insiders own 1.18% of the company's stock.
Hedge Funds Weigh In On Comcast
A number of institutional investors have recently made changes to their positions in the stock. Luken Investment Analytics LLC grew its stake in Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant's stock worth $25,000 after acquiring an additional 418 shares during the period. Steph & Co. lifted its position in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant's stock worth $26,000 after buying an additional 371 shares during the period. NewSquare Capital LLC grew its holdings in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock valued at $28,000 after buying an additional 302 shares during the period. OLD Point Trust & Financial Services N A purchased a new position in shares of Comcast during the 4th quarter worth about $28,000. Finally, Pineridge Advisors LLC purchased a new stake in Comcast in the fourth quarter valued at approximately $32,000. 84.32% of the stock is owned by institutional investors and hedge funds.
Comcast Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
