CMCSA has been the topic of several other reports. Guggenheim set a $57.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Sanford C. Bernstein started coverage on shares of Comcast in a report on Tuesday, October 15th. They issued a “market perform” rating and a $50.00 price target on the stock. Cfra set a $50.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Wednesday, August 21st. Morgan Stanley set a $53.00 price target on shares of Comcast and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Co started coverage on shares of Comcast in a report on Tuesday, August 27th. They set an “outperform” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.52.
Shares of CMCSA stock opened at $43.51 on Tuesday. The company has a market capitalization of $200.85 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.18 and a beta of 1.05. The firm has a fifty day simple moving average of $44.80 and a 200-day simple moving average of $44.00. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.33. Comcast has a twelve month low of $32.61 and a twelve month high of $47.27.
In related news, Director Sheldon M. Bonovitz sold 5,600 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $45.47, for a total value of $254,632.00. Following the sale, the director now owns 27,912 shares of the company’s stock, valued at approximately $1,269,158.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 508,248 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the completion of the sale, the chief executive officer now directly owns 4,108,522 shares in the company, valued at approximately $184,801,319.56. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Krane Funds Advisors LLC bought a new position in shares of Comcast during the 2nd quarter valued at about $25,000. Bray Capital Advisors purchased a new stake in Comcast during the second quarter valued at about $30,000. Litman Gregory Asset Management LLC purchased a new stake in Comcast during the second quarter valued at about $31,000. Guidant Wealth Advisors purchased a new stake in Comcast during the third quarter valued at about $31,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in Comcast during the second quarter valued at about $32,000. Hedge funds and other institutional investors own 82.64% of the company’s stock.
Comcast Company Profile
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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