Comcast (NASDAQ:CMCSA - Get Free Report)'s stock had its "neutral" rating reaffirmed by analysts at BNP Paribas in a research note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a $45.00 price objective on the cable giant's stock. BNP Paribas' target price points to a potential upside of 12.08% from the stock's previous close.
A number of other research analysts have also recently commented on the stock. Redburn Atlantic cut shares of 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Comcast from $55.00 to $53.00 in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Comcast from $50.00 to $47.00 and set an "equal weight" rating on the stock in a research report on Friday. Oppenheimer reiterated an "outperform" rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Rosenblatt Securities increased 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. 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, Comcast currently has a consensus rating of "Moderate Buy" and an average target price of $49.26.
Check Out Our Latest Report on Comcast
Comcast Price Performance
CMCSA traded down $0.56 during trading on Tuesday, reaching $40.15. 32,645,318 shares of the company were exchanged, compared to its average volume of 20,580,826. The company's 50-day moving average is $42.70 and its two-hundred day moving average is $43.00. Comcast has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a market cap of $159.47 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 1.00 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate 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%. Research analysts forecast that Comcast will post 4.23 earnings per share for the current fiscal year.
Insider Activity
In other news, President Michael J. Cavanagh sold 114,749 shares of the firm's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.18% of the company's stock.
Institutional Investors Weigh In On Comcast
Large investors have recently bought and sold shares of the business. NewSquare Capital LLC grew its stake 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 acquiring an additional 302 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. Quilter Plc bought a new stake in shares of Comcast during the 1st quarter valued at $695,100,000. Pineridge Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at $32,000. Finally, DHJJ Financial Advisors Ltd. bought a new stake in shares of Comcast during the 3rd quarter valued at $33,000. 84.32% of the stock is currently owned by institutional investors.
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.
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