Comcast (NASDAQ:CMCSA) received a $43.00 price objective from Barclays in a research report issued on Tuesday. The firm presently has a “buy” rating on the cable giant’s stock. Barclays’ price objective would suggest a potential upside of 0.02% from the company’s previous close.
CMCSA has been the subject of several other reports. Moffett Nathanson reiterated a “buy” rating on shares of Comcast in a research note on Monday, October 16th. OTR Global lowered Comcast to a “positive” rating in a research note on Monday, October 30th. Evercore ISI reiterated an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research assumed coverage on Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 price objective for the company. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $49.00 price objective on shares of Comcast in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $46.92.
Comcast (NASDAQ CMCSA) traded up $0.55 during trading hours on Tuesday, reaching $42.99. The company’s stock had a trading volume of 36,153,841 shares, compared to its average volume of 20,377,773. Comcast has a 52 week low of $34.78 and a 52 week high of $42.92. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The stock has a market cap of $198,120.00, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.86 and a beta of 1.00.
In related news, EVP Arthur R. Block sold 3,937 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the transaction, the executive vice president now directly owns 65,946 shares in the company, valued at $2,678,726.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Insiders sold 593,402 shares of company stock valued at $22,961,401 over the last 90 days. Company insiders own 1.28% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Comcast by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after purchasing an additional 8,677,771 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Comcast by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock valued at $2,218,587,000 after acquiring an additional 680,012 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Comcast by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 53,054,928 shares of the cable giant’s stock valued at $2,041,312,000 after acquiring an additional 432,491 shares in the last quarter. Capital International Investors raised its stake in shares of Comcast by 23.3% in the third quarter. Capital International Investors now owns 34,256,110 shares of the cable giant’s stock valued at $1,318,175,000 after acquiring an additional 6,467,802 shares in the last quarter. Finally, Veritas Asset Management LLP raised its stake in shares of Comcast by 3.7% in the third quarter. Veritas Asset Management LLP now owns 33,195,373 shares of the cable giant’s stock valued at $1,277,358,000 after acquiring an additional 1,189,200 shares in the last quarter. Institutional investors own 82.26% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Comcast (CMCSA) Given a $43.00 Price Target at Barclays” was originally published by American Market News and is owned by of American Market News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/01/24/comcast-cmcsa-given-a-43-00-price-target-at-barclays.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.
