Comcast Given New $69.00 Price Target at Pivotal Research (CMCSA)
Research analysts at Pivotal Research upped their target price on shares of Comcast (NASDAQ:CMCSA) from $61.00 to $69.00 in a report released on Friday. The firm currently has a “buy” rating on the stock. Pivotal Research’s target price points to a potential upside of 26.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on CMCSA. Analysts at Evercore Partners cut their price target on shares of Comcast from $63.00 to $62.00 in a research note on Monday, June 30th. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $60.17.
Comcast (NASDAQ:CMCSA) traded down 0.10% on Friday, hitting $54.30. 3,077,765 shares of the company’s stock traded hands. Comcast has a 52 week low of $41.06 and a 52 week high of $55.28. The stock’s 50-day moving average is $52.97 and its 200-day moving average is $51.85. The company has a market cap of $141.2 billion and a P/E ratio of 19.91.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, April 22nd. The company reported $0.68 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.51 earnings per share. Comcast’s revenue was up 13.7% compared to the same quarter last year. Analysts expect that Comcast will post $2.94 EPS for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.