Comcast Upgraded to “Overweight” at Morgan Stanley (CMCSK)
Comcast (NASDAQ:CMCSK) was upgraded by equities researchers at Morgan Stanley to an “overweight” rating in a research report issued on Wednesday, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. 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 analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Comcast presently has a consensus rating of “Buy” and an average target price of $53.12.
Shares of Comcast (NASDAQ:CMCSK) traded up 2.50% during mid-day trading on Wednesday, hitting $52.06. The stock had a trading volume of 3,106,087 shares. Comcast has a 1-year low of $36.52 and a 1-year high of $51.62. The stock’s 50-day moving average is $48.76 and its 200-day moving average is $44.6. The company has a market cap of $136.2 billion and a P/E ratio of 21.17.
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. Analysts expect that Comcast will post $2.51 EPS for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSK) is a provider of entertainment, information and communications products and services.
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