Comcast Coverage Initiated by Analysts at Telsey Advisory Group (CMCSA)
Stock analysts at Telsey Advisory Group initiated coverage on shares of Comcast (NASDAQ:CMCSA) in a report issued on Tuesday, Analyst RN reports. The firm set a “not rated” rating and a $64.00 price target on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 28.31% from the company’s current price.
CMCSA has been the subject of a number of other 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. Separately, 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 investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Comcast has an average rating of “Buy” and a consensus target price of $57.50.
Shares of Comcast (NASDAQ:CMCSA) opened at 49.88 on Tuesday. Comcast has a 52 week low of $38.75 and a 52 week 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 price-to-earnings ratio of 19.48. Comcast also saw unusually large options trading activity on Monday. Traders acquired 15,615 put options on the stock. This represents an increase of 115% compared to the average volume of 7,251 put options.
Comcast (NASDAQ:CMCSA) last released its earnings data on Tuesday, April 22nd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.04. The company had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $17.00 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Analysts expect that Comcast will post $2.86 EPS for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
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