Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating restated by investment analysts at Macquarie in a research note issued to investors on Thursday. They currently have a $40.00 price objective on the cable giant’s stock. Macquarie’s target price would indicate a potential upside of 3.55% from the stock’s current price.

Several other research analysts have also recently issued reports on CMCSA. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research note on Monday, October 16th. OTR Global cut Comcast to a “positive” rating in a research report on Monday, October 30th. Buckingham Research started coverage on Comcast in a report on Monday, November 20th. They issued a “buy” rating and a $48.00 price objective on the stock. Wells Fargo & Company reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a report on Monday, October 23rd. Finally, Nomura lowered their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $45.72.

Comcast (CMCSA) opened at $38.63 on Thursday. The firm has a market capitalization of $184,707.44, a PE ratio of 19.61, a PEG ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. Comcast has a one year low of $34.03 and a one year high of $42.18.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $20.98 billion for the quarter, compared to the consensus estimate of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 earnings per share. research analysts forecast that Comcast will post 2.06 EPS for the current year.

In related news, Director Kenneth J. Bacon sold 2,232 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $37.27, for a total transaction of $83,186.64. Following the completion of the transaction, the director now owns 24,580 shares in the company, valued at $916,096.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 4,091 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The disclosure for this sale can be found here. 1.28% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Comcast by 2.8% in the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock valued at $12,331,646,000 after buying an additional 8,677,771 shares during the last quarter. State Street Corp raised its holdings in shares of Comcast by 97.6% in the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock valued at $7,499,933,000 after buying an additional 98,570,377 shares during the last quarter. Clearbridge Investments LLC raised its holdings in shares of Comcast by 97.6% in the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock valued at $3,663,324,000 after buying an additional 48,147,456 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Comcast by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after buying an additional 680,012 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after buying an additional 432,491 shares during the last quarter. Hedge funds and other institutional investors own 82.50% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Comcast (CMCSA) Receives “Buy” Rating from Macquarie” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/07/comcast-cmcsa-receives-buy-rating-from-macquarie.html.

About Comcast

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 (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast Corporation and related companies with MarketBeat.com's FREE daily email newsletter.