Barclays Boosts Comcast (NASDAQ:CMCSA) Price Target to $42.00

Comcast (NASDAQ:CMCSA) had its price objective boosted by stock analysts at Barclays from $40.00 to $42.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the cable giant’s stock. Barclays‘s price target would suggest a potential downside of 1.32% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. KeyCorp boosted their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Stock Up 0.1 %

CMCSA opened at $42.56 on Monday. The stock’s 50 day moving average price is $40.89 and its 200 day moving average price is $39.62. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $164.81 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.14 and a beta of 1.00. Comcast has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. As a group, research analysts predict that Comcast will post 4.27 earnings per share for the current year.

Institutional Trading of Comcast

Several hedge funds and other institutional investors have recently modified their holdings of CMCSA. Mengis Capital Management Inc. increased its holdings in Comcast by 1.5% in the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock worth $796,000 after buying an additional 283 shares during the last quarter. Rossmore Private Capital grew its position in Comcast by 5.0% in the third quarter. Rossmore Private Capital now owns 43,096 shares of the cable giant’s stock worth $1,800,000 after acquiring an additional 2,056 shares in the last quarter. Simmons Bank increased its stake in shares of Comcast by 5.8% during the 3rd quarter. Simmons Bank now owns 82,974 shares of the cable giant’s stock worth $3,466,000 after purchasing an additional 4,576 shares during the last quarter. Chase Investment Counsel Corp raised its holdings in shares of Comcast by 7.1% during the 3rd quarter. Chase Investment Counsel Corp now owns 10,174 shares of the cable giant’s stock valued at $424,000 after purchasing an additional 671 shares in the last quarter. Finally, Souders Financial Advisors lifted its stake in shares of Comcast by 5.6% in the 3rd quarter. Souders Financial Advisors now owns 84,553 shares of the cable giant’s stock valued at $3,532,000 after purchasing an additional 4,501 shares during the last quarter. 84.32% of the stock is currently 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.