Comcast (CMCSA) Stock Rating Reaffirmed by Evercore ISI
Comcast (NASDAQ:CMCSA)‘s stock had its “outperform” rating reissued by analysts at Evercore ISI in a research report issued on Tuesday, Marketbeat Ratings reports. They currently have a $48.00 price target on the cable giant’s stock, up from their prior price target of $44.00. Evercore ISI’s price target suggests a potential upside of 16.82% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Nomura reduced their target price on shares of Comcast from $46.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 27th. KeyCorp reaffirmed a “neutral” rating on shares of Comcast in a research report on Sunday, September 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, October 18th. Moffett Nathanson reaffirmed a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.15.
Comcast (CMCSA) traded up $0.48 during midday trading on Tuesday, hitting $41.09. 20,198,100 shares of the stock were exchanged, compared to its average volume of 18,128,242. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a 12 month low of $34.78 and a 12 month high of $42.18. The firm has a market capitalization of $199,100.00, a P/E ratio of 19.38, a PEG ratio of 1.85 and a beta of 1.00.
In related news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now directly owns 65,946 shares of the company’s stock, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. Insiders sold a total of 593,402 shares of company stock valued at $22,961,401 over the last three months. 1.28% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Connecticut Wealth Management LLC increased its stake in Comcast by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares during the period. Financial Consulate Inc. increased its stake in Comcast by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares during the period. Clarius Group LLC increased its stake in Comcast by 0.4% in the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. increased its stake in Comcast by 0.9% in the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH increased its stake in Comcast by 0.9% in the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 82.13% of the company’s stock.
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Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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