Comcast (NASDAQ:CMCSA) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Monday.

Several other analysts have also recently issued reports on the company. Raymond James cut Comcast from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $44.00 to $63.00 in a research note on Wednesday, June 13th. Jefferies Financial Group initiated coverage on Comcast in a research note on Thursday, June 7th. They issued a “buy” rating and a $41.00 target price on the stock. Pivotal Research reissued a “buy” rating on shares of Comcast in a research note on Friday, August 10th. Credit Suisse Group initiated coverage on Comcast in a research note on Tuesday, July 10th. They issued a “neutral” rating and a $36.00 target price on the stock. Finally, Macquarie set a $35.00 target price on Comcast and gave the stock a “hold” rating in a research note on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $45.79.

NASDAQ CMCSA opened at $37.74 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $171.66 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. Comcast has a 1 year low of $30.43 and a 1 year high of $44.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 26th. The cable giant reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The company had revenue of $21.74 billion for the quarter, compared to analysts’ expectations of $21.85 billion. Comcast had a return on equity of 15.92% and a net margin of 27.42%. Comcast’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. analysts anticipate that Comcast will post 2.55 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Horan Capital Advisors LLC. lifted its holdings in shares of Comcast by 2.3% during the second quarter. Horan Capital Advisors LLC. now owns 89,115 shares of the cable giant’s stock valued at $2,924,000 after purchasing an additional 1,975 shares during the last quarter. FMR LLC lifted its holdings in shares of Comcast by 7.5% during the second quarter. FMR LLC now owns 111,854,932 shares of the cable giant’s stock valued at $3,669,961,000 after purchasing an additional 7,812,415 shares during the last quarter. HRT Financial LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $1,931,000. TPG Group Holdings SBS Advisors Inc. lifted its holdings in shares of Comcast by 5,494.7% during the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 3,302,912 shares of the cable giant’s stock valued at $108,369,000 after purchasing an additional 3,243,876 shares during the last quarter. Finally, Planning Directions Inc. lifted its holdings in shares of Comcast by 27.7% during the second quarter. Planning Directions Inc. now owns 8,078 shares of the cable giant’s stock valued at $265,000 after purchasing an additional 1,753 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Further Reading: Earnings Per Share

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Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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