Comcast (CMCSA) Earns Buy Rating from Macquarie

Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating reaffirmed by investment analysts at Macquarie in a research note issued to investors on Thursday. They presently have a $40.00 target price on the cable giant’s stock. Macquarie’s price objective points to a potential upside of 3.55% from the company’s previous close.

CMCSA has been the topic of several other research reports. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a research note on Monday, October 16th. OTR Global cut shares of Comcast to a “positive” rating in a research note on Monday, October 30th. Buckingham Research assumed coverage on shares of Comcast in a research note on Monday, November 20th. They set a “buy” rating and a $48.00 target price on the stock. Wells Fargo & Company reissued a “buy” rating and set a $49.00 target price on shares of Comcast in a research note on Monday, October 23rd. Finally, Nomura lowered their price objective on shares of Comcast from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus price target of $45.72.

Comcast (CMCSA) opened at $38.63 on Thursday. The company has a market cap of $184,707.44, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.74 and a current ratio of 0.74. Comcast has a 52 week low of $34.03 and a 52 week high of $42.18.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. Comcast had a net margin of 11.99% and a return on equity of 17.17%. Comcast’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. equities research analysts forecast that Comcast will post 2.06 earnings per share for the current year.

In other news, Director Kenneth J. Bacon sold 2,232 shares of Comcast stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $37.27, for a total value of $83,186.64. Following the transaction, the director now directly owns 24,580 shares of the company’s stock, valued at $916,096.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 4,091 shares of Comcast stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now directly owns 68,478 shares in the company, valued at $2,626,816.08. The disclosure for this sale can be found here. Company insiders own 1.28% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. AXA lifted its stake in Comcast by 1.0% in the third quarter. AXA now owns 2,462,520 shares of the cable giant’s stock valued at $94,758,000 after acquiring an additional 24,238 shares during the last quarter. Shelton Capital Management lifted its stake in Comcast by 2.6% in the third quarter. Shelton Capital Management now owns 419,053 shares of the cable giant’s stock valued at $16,125,000 after acquiring an additional 10,672 shares during the last quarter. Institutional & Family Asset Management LLC lifted its stake in Comcast by 39.2% in the third quarter. Institutional & Family Asset Management LLC now owns 30,643 shares of the cable giant’s stock valued at $1,179,000 after acquiring an additional 8,623 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Comcast in the third quarter valued at approximately $2,323,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Comcast by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 3,439,088 shares of the cable giant’s stock valued at $132,336,000 after acquiring an additional 11,832 shares during the last quarter. Institutional investors and hedge funds own 82.50% of the company’s stock.

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Comcast Company Profile

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.

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