Comcast (NASDAQ:CMCSA) Shares Up 0.1%

Shares of Comcast Co. (NASDAQ:CMCSA - Get Free Report) traded up 0.1% during trading on Thursday . The stock traded as high as $38.75 and last traded at $38.25. 2,485,188 shares were traded during trading, a decline of 88% from the average session volume of 20,640,313 shares. The stock had previously closed at $38.20.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CMCSA. Scotiabank dropped their price objective on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating for the company in a research note on Friday, April 26th. Oppenheimer restated an "outperform" rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Benchmark restated a "buy" rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. StockNews.com cut shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $49.60.

Comcast Price Performance

The business's 50 day moving average is $41.32 and its two-hundred day moving average is $42.41. The firm has a market capitalization of $152.36 billion, a PE ratio of 10.15, a P/E/G ratio of 0.95 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.92 earnings per share. As a group, research analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CMCSA. Luken Investment Analytics LLC boosted its holdings in Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant's stock valued at $25,000 after acquiring an additional 418 shares in the last quarter. Steph & Co. boosted its holdings in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant's stock valued at $26,000 after buying an additional 371 shares in the last quarter. NewSquare Capital LLC boosted its holdings in shares of Comcast by 94.1% during 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 in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant's stock valued at $28,000 after buying an additional 475,675 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of Comcast during the 4th quarter valued at $28,000. Institutional investors own 84.32% of the company's stock.

About Comcast

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.