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.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $20.98 billion during the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a return on equity of 17.17% and a net margin of 11.99%. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. equities research analysts anticipate that Comcast will post 2.05 EPS for the current fiscal year.

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.

WARNING: “Comcast (CMCSA) Given a $52.00 Price Target by Scotiabank Analysts” was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/19/comcast-cmcsa-rating-reiterated-by-scotiabank.html.

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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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