Comcast Corp. Price Target Increased to $63.00 by Analysts at Northland Capital Partners (CMCSA)
Northland Capital Partners hoisted their target price on shares of Comcast Corp. (NASDAQ:CMCSA) from $61.00 to $63.00 in a research note issued on Wednesday, Analyst Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price target indicates a potential upside of 18.09% from the stock’s previous close.
A number of other firms have also recently commented on CMCSA. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Comcast Corp. in a research note to investors on Tuesday. Separately, analysts at Hudson Square Research raised their price target on shares of Comcast Corp. from $41.00 to $46.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Comcast Corp. from $51.00 to $63.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.42.
Comcast Corp. (NASDAQ:CMCSA) opened at 53.35 on Wednesday. Comcast Corp. has a one year low of $37.81 and a one year high of $54.65. The stock has a 50-day moving average of $51.68 and a 200-day moving average of $46.98. The company has a market cap of $139.5 billion and a P/E ratio of 21.88.
Comcast Corp. (NASDAQ:CMCSA) last released its earnings data on Monday, January 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.04. The company had revenue of $16.93 billion for the quarter, compared to the consensus estimate of $16.63 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Comcast Corp. will post $2.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of 0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, March 31st. This is an increase from Comcast Corp.’s previous quarterly dividend of $0.20.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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