Comcast Co. (NASDAQ:CMCSA - Get Free Report) traded down 0.9% during mid-day trading on Wednesday . The company traded as low as $39.30 and last traded at $39.33. 2,693,049 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 20,766,258 shares. The stock had previously closed at $39.70.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on CMCSA shares. StockNews.com cut Comcast from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 22nd. BNP Paribas reissued a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Evercore ISI restated an "outperform" rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating for the company in a report on Friday, April 26th. Finally, Redburn Atlantic cut Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.33.
Check Out Our Latest Report on CMCSA
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 company has a market capitalization of $154.00 billion, a PE ratio of 10.40, a PEG ratio of 0.99 and a beta of 0.99. The company has a 50 day moving average price of $40.80 and a 200 day moving average price of $42.21.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.06. The firm 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%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. Equities analysts forecast that Comcast Co. will post 4.21 EPS for the current year.
Institutional Trading of Comcast
A number of institutional investors and hedge funds have recently modified their holdings of CMCSA. Luken Investment Analytics LLC increased its position in Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant's stock worth $25,000 after buying an additional 418 shares during the period. Steph & Co. lifted its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant's stock valued at $26,000 after purchasing an additional 371 shares during the last quarter. NewSquare Capital LLC grew its position in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of 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 purchasing an additional 475,675 shares during the period. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of Comcast during the fourth quarter valued at approximately $28,000. 84.32% of the stock is 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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