Comcast Co. (NASDAQ:CMCSA) has received an average recommendation of “Buy” from the twenty-four brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $45.44.
A number of analysts recently issued reports on the company. Macquarie assumed coverage on Comcast in a report on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price target for the company. Pivotal Research reiterated a “buy” rating and issued a $54.00 price target on shares of Comcast in a report on Wednesday, June 26th. Raymond James lowered Comcast from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $25.00 to $21.00 in a report on Friday, June 14th. Goldman Sachs Group upgraded Comcast from a “neutral” rating to a “buy” rating and boosted their price target for the company from $44.00 to $54.00 in a report on Wednesday, July 10th. Finally, Rosenblatt Securities assumed coverage on Comcast in a report on Friday, June 14th. They issued a “buy” rating and a $50.00 price target for the company.
Shares of NASDAQ CMCSA traded up $0.83 during trading hours on Friday, reaching $43.18. The stock had a trading volume of 14,052,100 shares, compared to its average volume of 17,633,956. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The firm has a market cap of $195.97 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.16 and a beta of 1.08. The business’s fifty day moving average price is $43.42 and its two-hundred day moving average price is $41.42. Comcast has a 52-week low of $32.61 and a 52-week high of $45.29.
In related news, SVP Daniel C. Murdock sold 1,701 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $41.46, for a total value of $70,523.46. Following the completion of the transaction, the senior vice president now owns 4,712 shares of the company’s stock, valued at $195,359.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.35% of the company’s stock.
Several hedge funds have recently modified their holdings of CMCSA. Clean Yield Group purchased a new stake in Comcast in the first quarter valued at $25,000. Krane Funds Advisors LLC purchased a new position in Comcast in the 2nd quarter valued at about $25,000. Evolution Wealth Advisors LLC purchased a new position in Comcast in the 2nd quarter valued at about $26,000. Mackey Komara & Dankovich LLC purchased a new position in Comcast in the 1st quarter valued at about $27,000. Finally, Bray Capital Advisors purchased a new position in Comcast in the 2nd quarter valued at about $30,000. 82.66% of the stock is currently owned by institutional investors and hedge funds.
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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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