Comcast (NASDAQ:CMCSA) Shares Up 0.1%

Comcast Co. (NASDAQ:CMCSA)’s stock price shot up 0.1% during trading on Thursday . The stock traded as high as $38.75 and last traded at $38.25. 2,485,188 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 20,640,313 shares. The stock had previously closed at $38.20.

Wall Street Analyst Weigh In

CMCSA has been the topic of several analyst reports. Citigroup lowered their target price on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.60.

Comcast Stock Up 0.5 %

The business has a fifty day moving average price of $41.39 and a two-hundred day moving average price of $42.44. The firm has a market cap of $152.52 billion, a PE ratio of 10.12, a P/E/G ratio of 0.95 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.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Everett Harris & Co. CA lifted its position in shares of Comcast by 7.7% in the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. grew its holdings in Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares during the last quarter. Altus Wealth Group LLC raised its position in shares of Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after purchasing an additional 1,432 shares during the period. PFG Advisors lifted its stake in shares of Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after buying an additional 5,159 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Comcast during the 3rd quarter worth $8,868,000. Hedge funds and other 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.