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.
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.
