Comcast (NASDAQ:CMCSA) Raised to “Strong-Buy” at StockNews.com

Comcast (NASDAQ:CMCSAGet Rating) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Several other equities analysts also recently commented on the stock. Oppenheimer lowered their price objective on shares of Comcast from $75.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, April 14th. Barclays dropped their target price on shares of Comcast from $56.00 to $48.00 in a research report on Friday, April 29th. Truist Financial cut shares of Comcast from a “buy” rating to a “hold” rating and decreased their target price for the company from $70.00 to $50.00 in a research note on Tuesday, March 1st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $67.00 to $50.00 in a research report on Friday, April 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Comcast from $60.00 to $52.00 in a research report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $59.46.

Shares of CMCSA traded up $1.55 on Thursday, reaching $41.39. The stock had a trading volume of 39,603,723 shares, compared to its average volume of 23,966,881. Comcast has a twelve month low of $39.47 and a twelve month high of $61.80. The firm has a market capitalization of $187.63 billion, a PE ratio of 13.35, a PEG ratio of 0.85 and a beta of 0.97. The firm has a 50-day moving average of $45.38 and a 200 day moving average of $48.46. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.02.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. The firm had revenue of $31.01 billion for the quarter, compared to analyst estimates of $30.40 billion. Comcast had a return on equity of 15.92% and a net margin of 11.96%. Comcast’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, sell-side analysts anticipate that Comcast will post 3.55 earnings per share for the current fiscal year.

In related news, CEO David N. Watson sold 65,410 shares of Comcast stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $45.69, for a total transaction of $2,988,582.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. State Street Corp grew its position in Comcast by 2.4% in the 4th quarter. State Street Corp now owns 178,004,947 shares of the cable giant’s stock worth $8,958,989,000 after purchasing an additional 4,198,673 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Comcast by 8.8% in the 4th quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock valued at $7,857,828,000 after acquiring an additional 12,642,202 shares in the last quarter. Wellington Management Group LLP lifted its position in Comcast by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 99,553,850 shares of the cable giant’s stock worth $5,568,047,000 after buying an additional 1,672,746 shares in the last quarter. Dodge & Cox lifted its position in Comcast by 1.1% in the 4th quarter. Dodge & Cox now owns 84,666,165 shares of the cable giant’s stock worth $4,261,248,000 after buying an additional 958,091 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Comcast by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 79,539,982 shares of the cable giant’s stock valued at $3,992,896,000 after purchasing an additional 2,575,372 shares in the last quarter. 83.33% of the stock is owned by institutional investors.

Comcast Company Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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