Other analysts also recently issued reports about the company. Rosenblatt Securities reissued a “buy” rating and issued a $51.00 target price (down from $52.00) on shares of Comcast in a report on Thursday, January 23rd. UBS Group downgraded Comcast from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a report on Friday, January 24th. Robert W. Baird downgraded Comcast from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $38.00 in a report on Monday. Goldman Sachs Group raised Comcast to a “buy” rating in a report on Tuesday, February 4th. Finally, Citigroup reduced their target price on Comcast from $54.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Comcast has a consensus rating of “Buy” and an average price target of $50.08.
Comcast stock opened at $36.74 on Friday. Comcast has a fifty-two week low of $31.70 and a fifty-two week high of $47.74. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $157.72 billion, a P/E ratio of 12.98, a PEG ratio of 1.00 and a beta of 0.96. The stock has a 50-day simple moving average of $41.24 and a 200-day simple moving average of $44.03.
Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.04. Comcast had a return on equity of 18.25% and a net margin of 11.98%. The business had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.18 billion. During the same period in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts forecast that Comcast will post 3.18 earnings per share for the current year.
In other Comcast news, CAO Daniel C. Murdock sold 1,038 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $36.55, for a total transaction of $37,938.90. Following the transaction, the chief accounting officer now owns 4,229 shares in the company, valued at approximately $154,569.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David N. Watson sold 202,782 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $37.05, for a total value of $7,513,073.10. Following the transaction, the executive vice president now owns 893,424 shares in the company, valued at approximately $33,101,359.20. The disclosure for this sale can be found here. 1.35% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMCSA. HighMark Wealth Management LLC acquired a new stake in shares of Comcast in the 4th quarter worth approximately $74,000. Quadrant Capital Group LLC grew its holdings in shares of Comcast by 18.9% in the 4th quarter. Quadrant Capital Group LLC now owns 54,347 shares of the cable giant’s stock worth $2,407,000 after acquiring an additional 8,649 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Comcast by 23.9% in the 4th quarter. Macquarie Group Ltd. now owns 2,160,298 shares of the cable giant’s stock worth $97,149,000 after acquiring an additional 416,281 shares during the period. TFG Advisers LLC acquired a new stake in shares of Comcast in the 4th quarter worth approximately $32,000. Finally, Engrave Wealth Partners LLC acquired a new stake in shares of Comcast in the 4th quarter worth approximately $182,000. Institutional investors own 83.25% 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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