Comcast Corporation (CMCSA) Rating Reiterated by Robert W. Baird
Comcast Corporation (NASDAQ:CMCSA)‘s stock had its “buy” rating reissued by equities research analysts at Robert W. Baird in a report issued on Friday. They currently have a $43.00 price target on the cable giant’s stock. Robert W. Baird’s price objective would indicate a potential upside of 5.89% from the company’s current price.
Several other equities research analysts have also weighed in on the stock. UBS AG reissued an “overweight” rating on shares of Comcast Corporation in a research report on Thursday, August 24th. Argus increased their price objective on shares of Comcast Corporation from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Guggenheim raised shares of Comcast Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. Barclays PLC set a $44.00 target price on shares of Comcast Corporation and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, ValuEngine raised shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $45.83.
Comcast Corporation (NASDAQ:CMCSA) opened at 40.61 on Friday. The stock has a market capitalization of $191.41 billion, a P/E ratio of 20.46 and a beta of 1.01. The stock’s 50 day moving average price is $40.15 and its 200-day moving average price is $39.10. Comcast Corporation has a 52 week low of $30.02 and a 52 week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. Equities research analysts expect that Comcast Corporation will post $2.04 earnings per share for the current year.
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In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of Comcast Corporation stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $39.61, for a total value of $144,932.99. Following the completion of the sale, the senior vice president now owns 725 shares in the company, valued at approximately $28,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.28% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Connecticut Wealth Management LLC raised its stake in shares of Comcast Corporation by 0.4% in the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after buying an additional 24 shares during the period. Financial Consulate Inc. raised its stake in shares of Comcast Corporation by 0.5% in the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after buying an additional 30 shares during the period. Clarius Group LLC raised its stake in shares of Comcast Corporation by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after buying an additional 32 shares during the period. GM Advisory Group Inc. raised its stake in shares of Comcast Corporation by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after buying an additional 48 shares during the period. Finally, Peoples Bank OH raised its stake in shares of Comcast Corporation by 0.9% in the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after buying an additional 59 shares during the period. 82.02% of the stock is currently owned by hedge funds and other institutional investors.
Comcast Corporation 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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