Comcast (CMCSA) Receives “Buy” Rating from Macquarie
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.
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.
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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.
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