Comcast (NASDAQ:CMCSA) Shares Up 0.5%

Shares of Comcast Co. (NASDAQ:CMCSA) were up 0.5% during trading on Friday . The stock traded as high as $38.84 and last traded at $38.56. Approximately 3,063,288 shares were traded during trading, a decline of 85% from the average daily volume of 20,603,422 shares. The stock had previously closed at $38.36.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Citigroup reduced their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Scotiabank reduced their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

Comcast Trading Up 0.9 %

The business has a 50 day simple moving average of $41.26 and a 200 day simple moving average of $42.38. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $153.67 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. As a group, equities analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Hedge Funds Weigh In On Comcast

A number of hedge funds and other institutional investors have recently bought and sold shares of CMCSA. SPC Financial Inc. increased its holdings in Comcast by 4.0% in the first quarter. SPC Financial Inc. now owns 49,636 shares of the cable giant’s stock valued at $2,152,000 after purchasing an additional 1,903 shares during the last quarter. VeraBank N.A. raised its position in shares of Comcast by 20.3% in the 1st quarter. VeraBank N.A. now owns 9,310 shares of the cable giant’s stock valued at $404,000 after acquiring an additional 1,568 shares during the period. Catalina Capital Group LLC boosted its stake in Comcast by 107.3% during the 1st quarter. Catalina Capital Group LLC now owns 21,043 shares of the cable giant’s stock worth $912,000 after acquiring an additional 10,890 shares during the last quarter. Avidian Wealth Solutions LLC boosted its stake in Comcast by 12.3% during the 1st quarter. Avidian Wealth Solutions LLC now owns 15,001 shares of the cable giant’s stock worth $650,000 after acquiring an additional 1,640 shares during the last quarter. Finally, TFB Advisors LLC acquired a new position in Comcast during the first quarter valued at approximately $422,000. 84.32% of the stock is owned by institutional investors.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.