Analysts at Rosenblatt Securities assumed coverage on shares of Comcast (NASDAQ:CMCSA) in a report released on Friday, BenzingaRatingsTable reports. The brokerage set a “buy” rating and a $50.00 price target on the cable giant’s stock. Rosenblatt Securities’ price objective suggests a potential upside of 19.93% from the company’s previous close.
Several other analysts have also weighed in on CMCSA. BidaskClub lowered shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday. Guggenheim upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective for the company in a research note on Thursday, May 30th. TD Securities lifted their price objective on shares of Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Raymond James lifted their price objective on shares of Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Barclays lifted their price objective on shares of Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.97.
Comcast stock opened at $41.69 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.73. Comcast has a 52-week low of $32.08 and a 52-week high of $43.96. The company has a market cap of $188.12 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.16 and a beta of 1.12.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. During the same quarter last year, the business earned $0.66 EPS. The company’s revenue was up 17.8% compared to the same quarter last year. Analysts forecast that Comcast will post 3.02 earnings per share for the current year.
In related news, EVP Arthur R. Block sold 1,967 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $40.23, for a total value of $79,132.41. Following the sale, the executive vice president now directly owns 62,088 shares in the company, valued at approximately $2,497,800.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stephen B. Burke sold 457,633 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.35, for a total value of $19,838,390.55. Following the completion of the sale, the executive vice president now owns 1,078,189 shares in the company, valued at $46,739,493.15. The disclosure for this sale can be found here. Insiders sold a total of 849,537 shares of company stock worth $35,489,480 over the last three months. 1.35% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in the stock. Acima Private Wealth LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $25,000. Clean Yield Group bought a new position in shares of Comcast in the first quarter worth about $25,000. Mackey Komara & Dankovich LLC bought a new position in shares of Comcast in the first quarter worth about $27,000. Litman Gregory Asset Management LLC bought a new stake in Comcast during the 4th quarter valued at approximately $30,000. Finally, Strategy Asset Managers LLC bought a new stake in Comcast in the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 82.63% of the company’s stock.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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