Wunderlich Increases Comcast Corp. Price Target to $63.00 (CMCSA)
Research analysts at Wunderlich boosted their price target on shares of Comcast Corp. (NASDAQ:CMCSA) from $58.00 to $63.00 in a report released on Monday, AR Network reports. The firm currently has a “buy” rating on the stock. Wunderlich’s target price would suggest a potential upside of 30.78% from the stock’s previous close. The analysts noted that the move was a valuation call.
Shares of Comcast Corp. (NASDAQ:CMCSA) opened at 48.171 on Monday. Comcast Corp. has a 52 week low of $34.72 and a 52 week high of $46.33. The stock has a 50-day moving average of $43.38 and a 200-day moving average of $42.00. The company has a market cap of $126.4 billion and a P/E ratio of 19.02.
Comcast Corp. (NASDAQ:CMCSA) last announced its earnings results on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $16.27 billion for the quarter, compared to the consensus estimate of $16.01 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Comcast Corp. will post $2.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.20 per share. This represents a $0.78 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, December 30th.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Comcast Corp. in a research note to investors on Monday, October 7th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Comcast Corp. currently has an average rating of “Buy” and an average target price of $48.63.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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