Brokerages Set Comcast Co. (NASDAQ:CMCSA) Price Target at $47.33

Shares of Comcast Co. (NASDAQ:CMCSA - Get Free Report) have earned an average rating of "Moderate Buy" from the nineteen research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $47.33.

CMCSA has been the subject of several research reports. Benchmark restated a "buy" rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. Morgan Stanley downgraded shares of Comcast from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Rosenblatt Securities reiterated a "neutral" rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. Evercore ISI upgraded shares of Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st.

Comcast Stock Performance

Comcast stock traded down $4.11 during midday trading on Thursday, reaching $33.25. 76,558,001 shares of the company's stock were exchanged, compared to its average volume of 25,315,699. The stock's 50-day simple moving average is $39.01 and its 200 day simple moving average is $40.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $127.23 billion, a price-to-earnings ratio of 8.94, a P/E/G ratio of 1.35 and a beta of 1.01. Comcast has a 52 week low of $32.50 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, analysts expect that Comcast will post 4.25 earnings per share for the current fiscal year.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Comcast

Several large investors have recently added to or reduced their stakes in CMCSA. Regal Investment Advisors LLC lifted its position in Comcast by 8.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 8,809 shares of the cable giant's stock valued at $345,000 after acquiring an additional 687 shares in the last quarter. Farmers National Bank increased its stake in Comcast by 2.2% in the 2nd quarter. Farmers National Bank now owns 117,941 shares of the cable giant's stock valued at $4,619,000 after buying an additional 2,505 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Comcast in the 2nd quarter valued at about $68,000. Sanctuary Advisors LLC purchased a new stake in Comcast in the 2nd quarter valued at about $29,278,000. Finally, Heritage Wealth Management Inc. purchased a new stake in Comcast in the 2nd quarter valued at about $952,000. Institutional investors own 84.32% of the company's stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.