Comcast (NASDAQ:CMCSA) Trading 0.5% Higher

Comcast Co. (NASDAQ:CMCSA)’s share price shot up 0.5% during trading on Friday . The company traded as high as $38.84 and last traded at $38.56. 3,063,288 shares were traded during trading, a decline of 85% from the average session volume of 20,603,422 shares. The stock had previously closed at $38.36.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. BNP Paribas restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Scotiabank decreased their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.60.

Comcast Price Performance

The firm has a market cap of $153.67 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.96 and a beta of 0.99. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The business’s 50-day simple moving average is $41.26 and its two-hundred day simple moving average is $42.38.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share 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 analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, research analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Luken Investment Analytics LLC boosted its position in shares of Comcast by 258.0% during the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares in the last quarter. Steph & Co. raised its stake in Comcast by 154.6% during 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 period. NewSquare Capital LLC boosted its holdings in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the period. Finally, OLD Point Trust & Financial Services N A bought a new stake in shares of Comcast during the fourth quarter valued at approximately $28,000. 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.