Comcast (NASDAQ:CMCSA) Given New $57.00 Price Target at Pivotal Research

Comcast (NASDAQ:CMCSA – Get Rating) had its price target decreased by Pivotal Research from $62.00 to $57.00 in a research note issued to investors on Thursday, The Fly reports.

CMCSA has been the subject of a number of other research reports. Rosenblatt Securities assumed coverage on shares of Comcast in a research report on Tuesday, April 19th. They set a neutral rating and a $51.00 price objective for the company. Cowen boosted their price objective on Comcast from $60.00 to $64.00 in a report on Friday, January 28th. Royal Bank of Canada upgraded Comcast from a sector perform rating to an outperform rating and set a $60.00 target price for the company in a report on Monday, January 24th. Barclays cut their price target on shares of Comcast from $60.00 to $56.00 and set an overweight rating on the stock in a research note on Friday, January 28th. Finally, StockNews.com assumed coverage on shares of Comcast in a research note on Thursday, March 31st. They issued a buy rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of Buy and an average target price of $60.04.

Shares of Comcast stock opened at $41.70 on Thursday. The firm has a market cap of $189.04 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 1.00 and a beta of 0.92. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.00. Comcast has a 52 week low of $40.76 and a 52 week high of $61.80. The business’s fifty day simple moving average is $46.62 and its 200-day simple moving average is $49.39.

Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $31.01 billion for the quarter, compared to analyst estimates of $30.40 billion. Comcast had a net margin of 12.17% and a return on equity of 15.61%. Comcast’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. As a group, equities analysts expect that Comcast will post 3.52 earnings per share for the current year.

In other news, CEO David N. Watson sold 65,410 shares of the company’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of $45.69, for a total value of $2,988,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its position in Comcast by 2.4% during the 4th quarter. State Street Corp now owns 178,004,947 shares of the cable giant’s stock worth $8,958,989,000 after purchasing an additional 4,198,673 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Comcast by 8.8% during the fourth quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock worth $7,857,828,000 after buying an additional 12,642,202 shares during the last quarter. Wellington Management Group LLP increased its position in Comcast by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 99,553,850 shares of the cable giant’s stock valued at $5,568,047,000 after acquiring an additional 1,672,746 shares during the period. Dodge & Cox raised its stake in Comcast by 1.1% during the 4th quarter. Dodge & Cox now owns 84,666,165 shares of the cable giant’s stock valued at $4,261,248,000 after acquiring an additional 958,091 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Comcast by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 79,539,982 shares of the cable giant’s stock worth $3,992,896,000 after acquiring an additional 2,575,372 shares during the period. 82.58% of the stock is owned by hedge funds and other institutional investors.

About Comcast (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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