Comcast (NASDAQ:CMCSA) had its price objective lifted by stock analysts at SunTrust Banks to $50.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the cable giant’s stock. SunTrust Banks’ price target points to a potential upside of 18.65% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Wells Fargo & Co raised their target price on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America raised their target price on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday. TD Securities raised their target price on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday. Pivotal Research restated a “buy” rating and issued a $52.00 target price on shares of Comcast in a research report on Wednesday. Finally, Macquarie restated a “buy” rating and issued a $40.00 target price on shares of Comcast in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $47.46.
Comcast (CMCSA) traded down $0.85 during midday trading on Thursday, hitting $42.14. The stock had a trading volume of 27,799,089 shares, compared to its average volume of 22,470,447. The stock has a market capitalization of $196,950.00, a P/E ratio of 8.82, a PEG ratio of 1.80 and a beta of 1.00. Comcast has a 1-year low of $34.78 and a 1-year high of $44.00. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74.
In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 593,402 shares of company stock worth $22,961,401. 1.28% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Leavell Investment Management Inc. grew its stake in shares of Comcast by 16.3% in the second quarter. Leavell Investment Management Inc. now owns 121,760 shares of the cable giant’s stock valued at $4,739,000 after buying an additional 17,050 shares in the last quarter. Chesley Taft & Associates LLC grew its stake in shares of Comcast by 2.7% in the second quarter. Chesley Taft & Associates LLC now owns 46,370 shares of the cable giant’s stock valued at $1,805,000 after buying an additional 1,200 shares in the last quarter. Buffington Mohr McNeal grew its stake in shares of Comcast by 0.7% in the second quarter. Buffington Mohr McNeal now owns 108,778 shares of the cable giant’s stock valued at $4,234,000 after buying an additional 787 shares in the last quarter. Woodstock Corp grew its stake in shares of Comcast by 1.1% in the second quarter. Woodstock Corp now owns 205,369 shares of the cable giant’s stock valued at $7,993,000 after buying an additional 2,226 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Comcast by 9.4% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 14,251 shares of the cable giant’s stock valued at $555,000 after buying an additional 1,227 shares in the last quarter. 82.26% of the stock is owned by institutional investors.
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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.
