Comcast Co. (NASDAQ:CMCSA) Given Average Rating of “Moderate Buy” by Analysts

Comcast Co. (NASDAQ:CMCSA) has been given an average rating of “Moderate Buy” by the twenty-one analysts that are currently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $49.60.

Several analysts have recently commented on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday. Wells Fargo & Company reduced their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday. Citigroup reduced their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday. Finally, Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th.

Comcast Stock Performance

NASDAQ:CMCSA opened at $38.85 on Tuesday. The company has a market capitalization of $154.31 billion, a PE ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a 50 day simple moving average of $41.54 and a two-hundred day simple moving average of $42.51. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Research analysts anticipate that Comcast will post 4.21 earnings per share for the current year.

Hedge Funds Weigh In On Comcast

A number of hedge funds have recently bought and sold shares of CMCSA. Luken Investment Analytics LLC boosted its holdings in shares of Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. boosted its holdings in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares during the last quarter. OLD Point Trust & Financial Services N A purchased a new position in shares of Comcast in the 4th quarter worth about $28,000. Finally, Pineridge Advisors LLC purchased a new position in shares of Comcast in the 4th quarter worth about $32,000. 84.32% of the stock is owned by hedge funds and other 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.