Comcast (NASDAQ:CMCSA) Receives Outperform Rating from Oppenheimer

Comcast (NASDAQ:CMCSA - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Oppenheimer in a research note issued on Wednesday, Benzinga reports. They presently have a $55.00 price target on the cable giant's stock. Oppenheimer's price objective suggests a potential upside of 32.43% from the company's previous close.

A number of other brokerages have also recently issued reports on CMCSA. Wells Fargo & Company boosted their target price on shares of Comcast from $45.00 to $50.00 and gave the company an "equal weight" rating in a report on Friday, January 26th. StockNews.com lowered shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Rosenblatt Securities boosted their price target on shares of Comcast from $44.00 to $46.00 and gave the company a "neutral" rating in a research report on Friday, December 22nd. Evercore ISI restated an "outperform" rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Finally, Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Tuesday, January 30th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $49.68.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.28 during mid-day trading on Wednesday, reaching $41.53. The company had a trading volume of 18,817,708 shares, compared to its average volume of 20,176,385. 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 has a market cap of $164.95 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.97 and a beta of 0.98. The company's 50-day moving average price is $43.04 and its 200-day moving average price is $43.13. Comcast has a one year low of $36.38 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion for the quarter, compared to analysts' expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, equities research analysts anticipate that Comcast will post 4.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the company's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On Comcast

A number of institutional investors have recently made changes to their positions in CMCSA. NewSquare Capital LLC raised its position in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock worth $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its position 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 purchasing an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in shares of Comcast during the 4th quarter valued at $28,000. Fortis Capital Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at $29,000. Finally, Pineridge Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at $32,000. 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.