Comcast (NASDAQ:CMCSA - Get Free Report) had its target price hoisted by research analysts at Macquarie from $40.00 to $42.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the cable giant's stock. Macquarie's price objective would suggest a potential downside of 2.33% from the stock's current price.
Several other research analysts have also weighed in on the stock. Rosenblatt Securities reissued a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays raised their price objective on Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. Wells Fargo & Company increased their price target on Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. Finally, Benchmark reiterated a "buy" rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $46.88.
Check Out Our Latest Research Report on Comcast
Comcast Price Performance
NASDAQ CMCSA traded up $0.12 during trading hours on Monday, reaching $43.00. 19,100,938 shares of the company's stock were exchanged, compared to its average volume of 19,621,865. Comcast has a one year low of $36.43 and a one year high of $47.11. The stock has a market cap of $164.54 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a fifty day moving average of $41.67 and a 200-day moving average of $39.93.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. On average, equities research analysts predict that Comcast will post 4.25 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Comcast
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in Comcast during the second quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast in the second quarter worth $27,000. IAG Wealth Partners LLC grew its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant's stock worth $30,000 after buying an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after buying an additional 570 shares during the period. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.32% of the company's stock.
About Comcast
(
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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.
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