Comcast Corporation (NASDAQ:CMCSA)‘s stock had its “buy” rating reissued by investment analysts at Wells Fargo & Company in a research report issued on Monday. They presently have a $49.00 target price on the cable giant’s stock. Wells Fargo & Company’s price objective suggests a potential upside of 34.06% from the company’s current price.

Several other research firms have also weighed in on CMCSA. ValuEngine lowered Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Comcast Corporation in a research note on Friday, September 1st. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Guggenheim raised Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Finally, Argus boosted their price target on Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.07.

Shares of Comcast Corporation (NASDAQ:CMCSA) traded down 1.80% during mid-day trading on Monday, reaching $36.55. 30,745,765 shares of the company’s stock were exchanged. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18. The stock has a market cap of $172.27 billion, a price-to-earnings ratio of 18.41 and a beta of 0.98. The stock has a 50 day moving average price of $37.87 and a 200 day moving average price of $39.19.

Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. Equities research analysts predict that Comcast Corporation will post $2.05 EPS for the current year.

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In other news, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total value of $156,930.76. Following the completion of the sale, the executive vice president now directly owns 68,478 shares in the company, valued at approximately $2,626,816.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares of the company’s stock, valued at $28,717.25. The disclosure for this sale can be found here. Insiders sold a total of 9,982 shares of company stock valued at $385,050 over the last quarter. Company insiders own 1.28% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Connecticut Wealth Management LLC boosted its position in Comcast Corporation by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after purchasing an additional 24 shares during the period. Financial Consulate Inc. boosted its position in Comcast Corporation by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after purchasing an additional 30 shares during the period. Clarius Group LLC boosted its position in Comcast Corporation by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. boosted its position in Comcast Corporation by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH boosted its position in Comcast Corporation by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 81.84% of the company’s stock.

About Comcast Corporation

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Analyst Recommendations for Comcast Corporation (NASDAQ:CMCSA)

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