Comcast (CMCSA) Announces Quarterly Results
Comcast (NASDAQ:CMCSA) released its earnings data on Tuesday. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.04, AR Network reports. The company had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $17.00 billion.
Comcast (NASDAQ:CMCSA) opened at 49.88 on Tuesday. Comcast has a 1-year low of $38.75 and a 1-year high of $55.28. The stock has a 50-day moving average of $50.11 and a 200-day moving average of $50.10. The company has a market cap of $130.0 billion and a P/E ratio of 19.18. Comcast also was the target of unusually large options trading on Monday. Investors purchased 15,615 put options on the company. This is an increase of 115% compared to the typical daily volume of 7,251 put options.
CMCSA has been the subject of a number of recent research reports. Analysts at UBS AG cut their price target on shares of Comcast from $63.00 to $60.00 in a research note on Monday. They now have a “buy” rating on the stock. On a related note, analysts at Brean Capital reiterated a “buy” rating on shares of Comcast in a research note on Monday. They now have a $60.00 price target on the stock, down previously from $63.00. Finally, analysts at Deutsche Bank raised their price target on shares of Comcast from $64.00 to $65.00 in a research note on Monday, March 31st. They now have a “top pick” rating on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and an average target price of $56.80.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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