Comcast Corporation (NASDAQ:CMCSA) was upgraded by equities research analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Other analysts have also recently issued research reports about the company. Instinet reiterated a “buy” rating and set a $46.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. TD Securities assumed coverage on Comcast Corporation in a report on Thursday, July 13th. They set a “buy” rating and a $51.00 target price for the company. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a report on Wednesday, June 28th. ValuEngine upgraded Comcast Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $44.00 target price on shares of Comcast Corporation in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.83.
Shares of Comcast Corporation (NASDAQ:CMCSA) traded up 1.96% during mid-day trading on Tuesday, hitting $38.57. 7,700,713 shares of the stock traded hands. The company has a market cap of $181.79 billion, a P/E ratio of 19.43 and a beta of 1.01. The stock has a 50 day moving average price of $40.29 and a 200-day moving average price of $39.20. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last issued its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations of $20.85 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts forecast that Comcast Corporation will post $2.04 earnings per share for the current fiscal year.
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In related news, SVP Daniel C. Murdock sold 3,659 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $39.61, for a total transaction of $144,932.99. Following the sale, the senior vice president now directly owns 725 shares of the company’s stock, valued at approximately $28,717.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.28% of the company’s stock.
Several hedge funds have recently bought and sold shares of CMCSA. Patriot Financial Group Insurance Agency LLC raised its position in shares of Comcast Corporation by 100.0% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock valued at $100,000 after acquiring an additional 1,340 shares in the last quarter. Zions Bancorporation grew its stake in Comcast Corporation by 16.8% during the 1st quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock worth $106,000 after buying an additional 410 shares during the last quarter. Clear Perspective Advisors LLC grew its stake in Comcast Corporation by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. First Bank & Trust grew its stake in Comcast Corporation by 84.9% during the 2nd quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock worth $111,000 after buying an additional 1,302 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in Comcast Corporation during the 1st quarter worth $112,000. 82.02% of the stock is currently owned by institutional investors and hedge funds.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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