Comcast (NASDAQ:CMCSA) had its target price hoisted by equities research analysts at Guggenheim from $44.00 to $46.00 in a report released on Friday. The brokerage currently has a “buy” rating on the cable giant’s stock. Guggenheim’s price target indicates a potential upside of 8.95% from the stock’s current price.
A number of other research firms have also weighed in on CMCSA. Barclays reduced their target price on Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. TD Securities lifted their target price on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday. Nomura reaffirmed a “neutral” rating and set a $42.00 target price (down previously from $45.00) on shares of Comcast in a report on Thursday, January 18th. Buckingham Research lifted their target price on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a report on Monday, January 8th. Finally, BidaskClub upgraded Comcast from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Comcast presently has an average rating of “Buy” and a consensus target price of $47.46.
Shares of Comcast (NASDAQ:CMCSA) traded up $0.08 on Friday, reaching $42.22. The company had a trading volume of 2,049,250 shares, compared to its average volume of 21,266,262. Comcast has a 52 week low of $34.78 and a 52 week high of $44.00. The stock has a market cap of $200,925.42, a price-to-earnings ratio of 8.84, a P/E/G ratio of 1.83 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86.
In related news, EVP Arthur R. Block sold 3,937 shares of the business’s 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 sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Arthur R. Block sold 5,630 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock valued at $22,961,401 in the last 90 days. 1.28% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. MPS Loria Financial Planners LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $107,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Comcast during the third quarter valued at approximately $104,000. Clear Perspective Advisors LLC increased its stake in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the period. Tower View Investment Management & Research LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $109,000. Finally, First Bank & Trust increased its stake in shares of Comcast by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares during the period. Hedge funds and other institutional investors own 82.26% of the company’s stock.
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About Comcast
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.
