Stock analysts at The Goldman Sachs Group began coverage on shares of Comcast (NASDAQ:CMCSA - Get Free Report) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $44.00 price target on the cable giant's stock. The Goldman Sachs Group's target price would indicate a potential upside of 14.58% from the company's previous close.
Other 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 Monday, May 13th. Scotiabank reduced their target price on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating for the company in a research report on Friday, April 26th. StockNews.com lowered shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Friday, March 22nd. Oppenheimer reiterated an "outperform" rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, Rosenblatt Securities restated a "neutral" rating and set a $45.00 target price on shares of Comcast in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Comcast presently has an average rating of "Hold" and an average target price of $48.62.
Check Out Our Latest Analysis on CMCSA
Comcast Price Performance
Shares of Comcast stock traded down $0.08 on Tuesday, hitting $38.40. The company's stock had a trading volume of 25,170,356 shares, compared to its average volume of 20,549,938. The company has a market capitalization of $150.67 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. Comcast has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a fifty day moving average price of $38.78 and a 200-day moving average price of $41.46.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results 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 business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. As a group, sell-side analysts anticipate that Comcast will post 4.21 earnings per share for the current fiscal year.
Insider Buying and Selling at Comcast
In related news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company's stock, valued at approximately $6,380,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.26% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Comcast
Several large investors have recently added to or reduced their stakes in the business. Luken Investment Analytics LLC boosted its stake 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 valued at $25,000 after buying an additional 418 shares during the period. Steph & Co. lifted its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant's stock worth $26,000 after acquiring an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its holdings in Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant's stock worth $28,000 after acquiring an additional 475,675 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $32,000. 84.32% of the stock is owned by hedge funds and other institutional investors.
Comcast Company Profile
(Get Free Report)
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.
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