Comcast PT Raised to $53.00 (CMCSK)
Research analysts at Evercore Partners raised their price target on shares of Comcast (NASDAQ:CMCSK) from $47.00 to $53.00 in a report released on Wednesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Evercore Partners’ target price indicates a potential upside of 21.31% from the company’s current price.
Shares of Comcast (NASDAQ:CMCSK) traded down 0.36% on Wednesday, hitting $43.69. 1,161,595 shares of the company’s stock traded hands. Comcast has a one year low of $34.00 and a one year high of $46.00. The stock has a 50-day moving average of $41.83 and a 200-day moving average of $40.62. The company has a market cap of $114.7 billion and a P/E ratio of 17.31.
Comcast (NASDAQ:CMCSK) last released its earnings data on Wednesday, July 31st. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.01. Analysts expect that Comcast will post $2.50 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CMCSK. Analysts at Telsey Advisory Group cut their price target on shares of Comcast (NASDAQ:CMCSK) from $53.00 to $50.00 in a research note to investors on Thursday, August 22nd. They now have a “not rated” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Comcast (NASDAQ:CMCSK) from $48.00 to $50.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Comcast (NASDAQ:CMCSK) from $48.00 to $51.00 in a research note to investors on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus price target of $51.33.
Comcast Corporation (NASDAQ:CMCSK) is a provider of entertainment, information and communications products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.