Comcast (NASDAQ:CMCSA) Stock Price Up 0.5%

Shares of Comcast Co. (NASDAQ:CMCSA - Get Free Report) rose 0.5% during trading on Wednesday . The company traded as high as $38.54 and last traded at $38.29. Approximately 3,787,367 shares changed hands during trading, a decline of 82% from the average daily volume of 20,664,480 shares. The stock had previously closed at $38.11.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CMCSA. Evercore ISI reiterated an "outperform" rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Redburn Atlantic cut Comcast from a "buy" rating to a "neutral" rating and reduced their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Benchmark reissued a "buy" rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Wells Fargo & Company reduced their target price on Comcast from $47.00 to $43.00 and set an "equal weight" rating for the company in a report on Friday, April 26th. Finally, Scotiabank decreased their price target on Comcast from $50.00 to $47.25 and set a "sector perform" rating on the stock in a research report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.60.

Comcast Stock Performance

The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The business's 50-day moving average is $41.39 and its 200-day moving average is $42.44. The company has a market capitalization of $151.73 billion, a PE ratio of 10.11, a PEG ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to analysts' expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Institutional Investors Weigh In On Comcast

Large investors have recently added to or reduced their stakes in the stock. Peterson Wealth Services boosted its position in Comcast by 7.4% in the first quarter. Peterson Wealth Services now owns 33,817 shares of the cable giant's stock worth $1,466,000 after purchasing an additional 2,344 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Comcast by 8.6% in the first quarter. Blue Trust Inc. now owns 24,332 shares of the cable giant's stock worth $1,055,000 after buying an additional 1,929 shares during the last quarter. TKG Advisors LLC grew its position in Comcast by 2.4% during the first quarter. TKG Advisors LLC now owns 47,805 shares of the cable giant's stock valued at $2,072,000 after buying an additional 1,141 shares during the period. Prosperity Consulting Group LLC increased its holdings in Comcast by 53.4% during the first quarter. Prosperity Consulting Group LLC now owns 14,081 shares of the cable giant's stock valued at $610,000 after buying an additional 4,899 shares during the last quarter. Finally, Braun Stacey Associates Inc. raised its position in Comcast by 2.1% in the first quarter. Braun Stacey Associates Inc. now owns 158,140 shares of the cable giant's stock worth $6,855,000 after acquiring an additional 3,203 shares during the period. 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.