Comcast Co. (NASDAQ:CMCSA) Given Average Rating of “Moderate Buy” by Brokerages

Comcast Co. (NASDAQ:CMCSA) has received a consensus rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, nine have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $42.10.

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Benchmark dropped their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Macquarie reduced their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Barclays lowered their price target on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th.

Comcast Stock Performance

Shares of CMCSA opened at $34.25 on Friday. The company has a market capitalization of $127.88 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast has a one year low of $31.44 and a one year high of $45.31. The company’s fifty day moving average price is $35.01 and its 200 day moving average price is $37.56.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The firm’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts expect that Comcast will post 4.33 earnings per share for the current year.

Hedge Funds Weigh In On Comcast

Institutional investors have recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares during the period. Inlight Wealth Management LLC bought a new stake in shares of Comcast during the first quarter worth $26,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter valued at $27,000. Finally, Wingate Wealth Advisors Inc. bought a new position in Comcast in the fourth quarter valued at about $28,000. Institutional investors own 84.32% of the company’s stock.

About Comcast

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.