Comcast (NASDAQ:CMCSA) was downgraded by TD Securities from an “action list buy” rating to a “buy” rating in a research report issued to clients and investors on Friday. They currently have a $51.00 price target on the cable giant’s stock, up from their previous price target of $42.60. TD Securities’ price objective would indicate a potential upside of 20.17% from the stock’s current price.
CMCSA has been the subject of a number of other reports. Robert W. Baird reiterated a “buy” rating and issued a $43.00 price objective on shares of Comcast in a research report on Friday, November 17th. Nomura lowered their price objective on Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Pivotal Research lifted their price objective on Comcast from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $49.00 price objective on shares of Comcast in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and an average target price of $46.15.
Shares of Comcast (NASDAQ:CMCSA) traded down $0.16 during trading hours on Friday, hitting $42.44. The stock had a trading volume of 18,970,000 shares, compared to its average volume of 24,620,000. Comcast has a 52 week low of $34.78 and a 52 week high of $42.71. The firm has a market capitalization of $198,350.00, a price-to-earnings ratio of 20.02, a PEG ratio of 1.88 and a beta of 1.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a return on equity of 17.17% and a net margin of 11.99%. The company had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. analysts predict that Comcast will post 2.05 EPS for the current fiscal year.
In other news, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the transaction, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares in the company, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 593,402 shares of company stock worth $22,961,401. Company insiders own 1.28% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Connecticut Wealth Management LLC lifted its holdings in shares of Comcast 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 in the last quarter. Financial Consulate Inc. lifted its holdings in shares of Comcast 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 in the last quarter. Clarius Group LLC lifted its stake in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares in the last quarter. GM Advisory Group Inc. lifted its stake in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares in the last quarter. Finally, Peoples Bank OH lifted its stake in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.
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Comcast Company Profile
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.