Comcast Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:CMCSA)
Shares of Comcast (NASDAQ:CMCSA) have earned an average recommendation of “Buy” from the twenty-three ratings firms that are presently covering the stock, Analyst Ratings Network reports. Three investment analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $60.17.
Several analysts have recently commented on the stock. Analysts at Pivotal Research raised their price target on shares of Comcast from $61.00 to $69.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Shares of Comcast (NASDAQ:CMCSA) opened at 54.55 on Thursday. Comcast has a one year low of $41.06 and a one year high of $55.28. The stock’s 50-day moving average is $53.05 and its 200-day moving average is $51.88. The company has a market cap of $141.8 billion and a P/E ratio of 19.91.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results 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 $2.94 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.