Comcast Given New $62.00 Price Target at Evercore Partners (CMCSA)
Research analysts at Evercore Partners lowered their target price on shares of Comcast (NASDAQ:CMCSA) from $63.00 to $62.00 in a report released on Monday. Evercore Partners’ price target would suggest a potential upside of 14.54% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Comcast in a research note on Friday, May 30th. They now have a $55.00 price target on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Comcast in a research note on Wednesday, April 23rd. They now have a $65.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Comcast in a research note on Wednesday, April 23rd. They now have a $66.00 price target on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Comcast currently has an average rating of “Buy” and a consensus target price of $59.65.
Shares of Comcast (NASDAQ:CMCSA) opened at 54.13 on Monday. Comcast has a 52 week low of $40.26 and a 52 week high of $55.28. The stock has a 50-day moving average of $52.06 and a 200-day moving average of $51.57. The company has a market cap of $140.7 billion and a P/E ratio of 19.63. Comcast also was the recipient of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 81,047,048 shares, a growth of 7.7% from the May 30th total of 75,224,873 shares. Based on an average daily volume of 9,997,312 shares, the short-interest ratio is currently 8.1 days. Approximately 3.8% of the company’s stock are short sold.
Comcast (NASDAQ:CMCSA) last released its earnings data on Tuesday, April 22nd. The company reported $0.68 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. On average, analysts predict that Comcast will post $2.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, June 30th.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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