Comcast (CMCSA) Rating Reiterated by Moffett Nathanson

Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating restated by stock analysts at Moffett Nathanson in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a $52.00 price target on the cable giant’s stock, up from their previous price target of $45.00. Moffett Nathanson’s price objective points to a potential upside of 22.35% from the company’s current price.

Several other research firms have also commented on CMCSA. Barclays cut their price target on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating on the stock in a report on Friday, October 27th. Nomura reiterated a “neutral” rating and set a $42.00 price objective (down previously from $45.00) on shares of Comcast in a research note on Thursday. Buckingham Research lifted their price objective on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. BidaskClub upgraded shares of Comcast from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, Instinet lowered shares of Comcast from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $45.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $46.83.

Comcast (NASDAQ:CMCSA) traded up $0.65 during midday trading on Thursday, reaching $42.50. 22,344,138 shares of the company traded hands, compared to its average volume of 21,530,000. Comcast has a 52-week low of $34.78 and a 52-week high of $42.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $198,640.00, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.84 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The firm had revenue of $20.98 billion for the quarter, compared to analyst estimates of $21.05 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Comcast’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts anticipate that Comcast will post 2.05 earnings per share for the current fiscal year.

In other news, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now owns 71,664 shares of the company’s stock, valued at $2,858,676.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction dated Wednesday, December 27th. The shares were 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 in the company, valued at $2,678,726.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,402 shares of company stock valued at $22,961,401. 1.28% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC bought a new stake in Comcast in the third quarter worth about $104,000. Clear Perspective Advisors LLC raised its position in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after acquiring an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC bought a new stake in Comcast in the second quarter worth about $107,000. First Bank & Trust raised its position in Comcast by 84.9% in the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after acquiring an additional 1,302 shares in the last quarter. Finally, Willingdon Wealth Management bought a new stake in Comcast in the third quarter worth about $133,000. Institutional investors and hedge funds own 82.20% 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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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