Comcast (NASDAQ:CMCSA) has been assigned a $52.00 target price by stock analysts at Scotiabank in a report released on Friday. The firm presently has a “buy” rating on the cable giant’s stock. Scotiabank’s price target suggests a potential upside of 23.72% from the company’s current price.
A number of other brokerages have also recently commented on CMCSA. Moffett Nathanson restated a “buy” rating and issued a $52.00 price target (up previously from $45.00) on shares of Comcast in a research report on Thursday. Nomura restated a “neutral” rating and issued a $42.00 price target (down previously from $45.00) on shares of Comcast in a research report on Thursday. Instinet cut Comcast from a “buy” rating to a “neutral” rating and upped their price target for the stock from $42.00 to $45.00 in a research report on Thursday. TD Securities cut Comcast from an “action list buy” rating to a “buy” rating and upped their price target for the stock from $42.60 to $51.00 in a research report on Friday, January 12th. Finally, Morgan Stanley upped their price target on Comcast from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-six have assigned a buy rating to the company. Comcast presently has a consensus rating of “Buy” and an average price target of $46.62.
Comcast (CMCSA) traded up $0.18 during trading on Friday, reaching $42.03. The company had a trading volume of 5,866,148 shares, compared to its average volume of 20,040,375. The stock has a market capitalization of $196,530.00, a PE ratio of 19.83, a PEG ratio of 1.81 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 has a 12 month low of $34.78 and a 12 month high of $42.71.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the sale, the executive vice president now directly owns 71,664 shares in the company, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 593,402 shares of company stock worth $22,961,401. Company insiders own 1.28% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in Comcast by 1,096.2% during the 4th quarter. State of Alaska Department of Revenue now owns 476,976 shares of the cable giant’s stock worth $19,100,000 after acquiring an additional 437,102 shares during the period. BKD Wealth Advisors LLC lifted its position in Comcast by 11.6% during the 4th quarter. BKD Wealth Advisors LLC now owns 27,141 shares of the cable giant’s stock worth $1,087,000 after acquiring an additional 2,827 shares during the period. Smithbridge Asset Management Inc. DE acquired a new stake in Comcast during the 4th quarter worth about $204,000. Benin Management CORP lifted its position in Comcast by 19.0% during the 4th quarter. Benin Management CORP now owns 40,128 shares of the cable giant’s stock worth $1,607,000 after acquiring an additional 6,395 shares during the period. Finally, Cardinal Capital Management Inc. lifted its position in Comcast by 524.9% during the 4th quarter. Cardinal Capital Management Inc. now owns 107,800 shares of the cable giant’s stock worth $4,317,000 after acquiring an additional 90,550 shares during the period. 82.20% of the stock is owned by hedge funds and other institutional investors.
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.
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