Weiss Ratings Reiterates Hold (C-) Rating for Comcast (NASDAQ:CMCSA)

Key Points

• Weiss Ratings has reiterated a "hold (C-)" rating for Comcast (NASDAQ:CMCSA), indicating caution among analysts regarding the stock's performance.
• Comcast's average target price is $39.94, with a mix of ratings: one Strong Buy, twelve Buy, fourteen Hold, and three Sell from various analysts.
• Despite a current trading price of approximately $29.97, Comcast has seen significant institutional interest, with major investments from firms like Norges Bank and Dodge & Cox recently.

Comcast (NASDAQ:CMCSA - Get Free Report)'s stock had its "hold (c-)" rating restated by equities research analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. Citigroup reissued a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday, October 6th. Scotiabank restated a "sector perform" rating and set a $45.50 price objective (up previously from $45.00) on shares of Comcast in a research report on Monday, October 6th. Loop Capital cut their price objective on Comcast from $44.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, October 1st. Finally, Barclays cut their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $39.94.

Comcast Price Performance

CMCSA stock traded up $0.56 during midday trading on Tuesday, reaching $29.97. The company had a trading volume of 6,730,446 shares, compared to its average volume of 24,215,867. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. Comcast has a 1-year low of $29.39 and a 1-year high of $45.31. The company has a market capitalization of $110.66 billion, a price-to-earnings ratio of 4.96, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The stock has a 50 day moving average price of $32.42 and a 200-day moving average price of $33.85.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion for the quarter. Equities research analysts expect that Comcast will post 4.33 earnings per share for the current year.

Institutional Trading of Comcast

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Comcast in the 2nd quarter valued at approximately $3,528,361,000. Nuveen LLC purchased a new position in shares of Comcast in the 1st quarter valued at $940,015,000. Dodge & Cox grew its position in shares of Comcast by 18.1% in the 2nd quarter. Dodge & Cox now owns 111,272,320 shares of the cable giant's stock valued at $3,971,309,000 after buying an additional 17,054,579 shares during the last quarter. Pacer Advisors Inc. grew its position in Comcast by 1,959.3% during the 1st quarter. Pacer Advisors Inc. now owns 13,228,732 shares of the cable giant's stock worth $488,140,000 after purchasing an additional 12,586,329 shares during the last quarter. Finally, KBC Group NV grew its position in Comcast by 724.7% during the 1st quarter. KBC Group NV now owns 10,160,649 shares of the cable giant's stock worth $374,927,000 after purchasing an additional 8,928,641 shares during the last quarter. Hedge funds and other 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.

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