Comcast Co. (NASDAQ:CMCSA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Comcast Co. (NASDAQ:CMCSA) has received an average recommendation of “Moderate Buy” from the twenty-one research firms that are covering the company, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $49.60.

A number of research firms recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Wells Fargo & Company decreased their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a report on Thursday, February 15th. BNP Paribas restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Tuesday, April 9th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Friday, April 26th.

Institutional Trading of Comcast

Large investors have recently made changes to their positions in the company. Luken Investment Analytics LLC lifted its position in 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 acquiring an additional 418 shares in the last quarter. Steph & Co. lifted its position in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. NewSquare Capital LLC lifted its position in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast in the 4th quarter valued at about $28,000. Finally, Pineridge Advisors LLC bought a new position in Comcast in the 4th quarter valued at about $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 0.5 %

Shares of CMCSA opened at $38.49 on Tuesday. Comcast has a 52 week low of $36.43 and a 52 week high of $47.46. The stock has a market capitalization of $151.02 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.97 and a beta of 0.99. 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 stock has a fifty day moving average of $41.18 and a 200-day moving average of $42.32.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.10% and a net margin of 12.64%. Comcast’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. As a group, sell-side analysts anticipate that Comcast will post 4.21 earnings per share for the current fiscal year.

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.