Comcast (NASDAQ:CMCSA) Raised to Hold at Zacks Research

Comcast (NASDAQ:CMCSA) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on CMCSA. Royal Bank Of Canada dropped their price objective on Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Friday, October 31st. Arete Research dropped their price target on Comcast from $39.00 to $33.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. UBS Group set a $34.00 price target on Comcast in a research note on Friday, October 31st. Sanford C. Bernstein lowered their price objective on Comcast from $36.00 to $34.00 and set a “market perform” rating on the stock in a research note on Friday, October 31st. Finally, Bank of America dropped their price objective on shares of Comcast from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Eleven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Hold” and a consensus target price of $35.78.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.24 during midday trading on Tuesday, reaching $27.34. The company had a trading volume of 2,228,552 shares, compared to its average volume of 25,744,400. The stock has a market cap of $99.64 billion, a P/E ratio of 4.55, a P/E/G ratio of 1.84 and a beta of 0.83. The company’s 50 day moving average price is $28.22 and its 200 day moving average price is $31.90. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast has a 52-week low of $25.75 and a 52-week high of $40.37.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. The business had revenue of $30.34 billion for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. As a group, sell-side analysts anticipate that Comcast will post 4.33 EPS for the current fiscal year.

Institutional Trading of Comcast

Large investors have recently added to or reduced their stakes in the business. Severin Investments LLC boosted its position in shares of Comcast by 24.9% in the third quarter. Severin Investments LLC now owns 21,374 shares of the cable giant’s stock worth $672,000 after purchasing an additional 4,265 shares during the period. IFP Advisors Inc raised its position in shares of Comcast by 8.6% during the 3rd quarter. IFP Advisors Inc now owns 46,702 shares of the cable giant’s stock valued at $1,499,000 after purchasing an additional 3,710 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Comcast by 44.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 921,259 shares of the cable giant’s stock valued at $28,946,000 after buying an additional 284,217 shares in the last quarter. Goldentree Asset Management LP bought a new position in Comcast in the 3rd quarter worth $63,814,000. Finally, Tevis Investment Management increased its stake in Comcast by 4.6% in the 3rd quarter. Tevis Investment Management now owns 42,685 shares of the cable giant’s stock worth $1,341,000 after buying an additional 1,885 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

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.