Comcast (NASDAQ:CMCSA) Trading 0.2% Higher

Comcast Co. (NASDAQ:CMCSA)’s share price traded up 0.2% during trading on Monday . The stock traded as high as $39.06 and last traded at $38.76. 3,236,002 shares were traded during mid-day trading, a decline of 84% from the average session volume of 20,625,426 shares. The stock had previously closed at $38.69.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Evercore ISI restated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Wells Fargo & Company decreased their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Citigroup decreased their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Stock Performance

The stock has a market cap of $153.22 billion, a PE ratio of 10.33, a P/E/G ratio of 0.97 and a beta of 0.99. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average of $41.11 and a 200 day moving average of $42.29.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Comcast

Institutional investors have recently modified their holdings of the company. Capital World Investors lifted its holdings in Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Norges Bank purchased a new stake in Comcast during the 4th quarter worth about $2,542,988,000. Northern Trust Corp lifted its holdings in Comcast by 0.3% during the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after buying an additional 141,874 shares during the last quarter. Harris Associates L P lifted its holdings in Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after buying an additional 1,854,671 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after buying an additional 570,050 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

About Comcast

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.