Comcast Co. (NASDAQ:CMCSA) Receives $45.44 Average PT from Analysts

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.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. Comcast’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. Equities research analysts anticipate that Comcast will post 3.07 earnings per share for the current fiscal year.

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.

About Comcast

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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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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