Comcast (NASDAQ:CMCSA) had its price objective increased by Deutsche Bank Aktiengesellschaft from $60.00 to $65.00 in a research note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the cable giant’s stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 14.84% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Benchmark upped their price target on shares of Comcast from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, February 9th. They noted that the move was a valuation call. Pivotal Research upped their price target on shares of Comcast from $65.00 to $70.00 in a research note on Friday. Oppenheimer raised shares of Comcast from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday. Evercore ISI increased their target price on shares of Comcast from $56.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Citigroup increased their target price on shares of Comcast from $59.00 to $62.00 in a research note on Friday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $61.75.
Shares of CMCSA traded up $0.03 during mid-day trading on Tuesday, reaching $56.60. The stock had a trading volume of 626,735 shares, compared to its average volume of 18,147,564. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. The business has a fifty day moving average of $55.07 and a 200 day moving average of $51.36. Comcast has a 12 month low of $34.17 and a 12 month high of $58.58. The firm has a market cap of $259.27 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 1.69 and a beta of 0.99.
In other news, CEO Brian L. Roberts sold 709,673 shares of the firm’s stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.14% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in CMCSA. Constitution Capital LLC boosted its stake in Comcast by 10.6% in the 1st quarter. Constitution Capital LLC now owns 75,670 shares of the cable giant’s stock worth $4,095,000 after purchasing an additional 7,270 shares in the last quarter. Better Money Decisions LLC purchased a new position in Comcast during the 1st quarter worth approximately $78,000. Kovack Advisors Inc. raised its position in Comcast by 25.7% during the 1st quarter. Kovack Advisors Inc. now owns 6,570 shares of the cable giant’s stock worth $355,000 after buying an additional 1,345 shares during the last quarter. Outlook Wealth Advisors LLC raised its position in Comcast by 2.2% during the 1st quarter. Outlook Wealth Advisors LLC now owns 12,231 shares of the cable giant’s stock worth $662,000 after buying an additional 258 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Comcast by 2.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,961,517 shares of the cable giant’s stock worth $214,358,000 after buying an additional 81,021 shares during the last quarter. Institutional investors and hedge funds own 82.56% of the company’s stock.
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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
Read More: Cash Asset Ratio
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.