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.
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.
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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