Comcast (NASDAQ:CMCSA) Stock Price Up 0.2%

Comcast Co. (NASDAQ:CMCSA)’s share price rose 0.2% during trading on Monday . The company traded as high as $39.06 and last traded at $38.76. Approximately 3,236,002 shares traded hands during trading, a decline of 84% from the average daily volume of 20,625,426 shares. The stock had previously closed at $38.69.

Analyst Ratings Changes

Several brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft cut their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. BNP Paribas reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Friday, April 26th. Finally, Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.60.

Comcast Trading Down 0.5 %

The company has a market cap of $151.02 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The business’s fifty day moving average price is $41.26 and its 200 day moving average price is $42.35.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Luken Investment Analytics LLC lifted its holdings in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares in the last quarter. Steph & Co. lifted its holdings in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC bought a new position in shares of Comcast in the fourth quarter valued at approximately $32,000. Institutional investors own 84.32% of the company’s stock.

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.