Comcast (NASDAQ:CMCSA) Shares Up 0.2%

Comcast Co. (NASDAQ:CMCSA) shares traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $39.42 and last traded at $39.18. 3,520,518 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 20,437,824 shares. The stock had previously closed at $39.12.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $49.74.

Comcast Stock Performance

The stock has a 50-day simple moving average of $41.86 and a 200 day simple moving average of $42.74. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $157.13 billion, a PE ratio of 10.65, a P/E/G ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Equities analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On Comcast

Several institutional investors have recently added to or reduced their stakes in CMCSA. Ironwood Wealth Management LLC. increased its stake in Comcast by 2.4% in the first quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock valued at $724,000 after purchasing an additional 363 shares during the last quarter. United Bank increased its stake in Comcast by 17.4% during the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock worth $1,745,000 after acquiring an additional 5,532 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Comcast by 29.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after acquiring an additional 928,627 shares during the last quarter. Covestor Ltd increased its stake in Comcast by 104.4% during the first quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after acquiring an additional 1,773 shares during the last quarter. Finally, First Western Trust Bank acquired a new stake in Comcast during the first quarter worth about $482,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

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.