Comcast Co. Hits New 52-Week High at $51.12 (CMCSK)
Shares of Comcast (NASDAQ:CMCSK) hit a new 52-week high on Tuesday, Analyst Ratings Net reports. The company traded as high as $51.12 and last traded at $50.59, with a volume of 2,320,246 shares trading hands. The stock had previously closed at $49.26.
A number of research firms have recently commented on CMCSK. Analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Comcast in a research note to investors on Friday, November 15th. They now have a $59.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Comcast from $50.00 to $53.00 in a research note to investors on Friday, November 15th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Comcast from $50.00 to $53.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus target price of $53.12.
Comcast has a 1-year low of $35.84 and a 1-year high of $49.94. The stock’s 50-day moving average is $48.03 and its 200-day moving average is $44.13. The company has a market cap of $133.0 billion and a P/E ratio of 20.53.
Comcast (NASDAQ:CMCSK) last announced its earnings results on Wednesday, October 30th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.02. On average, analysts predict that Comcast will post $2.51 earnings per share for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSK) is a provider of entertainment, information and communications products and services.
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