Comcast (NASDAQ:CMCSA) Stock Price Up 0.5%

Comcast Co. (NASDAQ:CMCSA)’s share price traded up 0.5% during mid-day trading on Monday . The stock traded as high as $38.94 and last traded at $38.76. 2,940,551 shares traded hands during trading, a decline of 86% from the average session volume of 20,731,783 shares. The stock had previously closed at $38.57.

Analyst Ratings Changes

A number of research analysts have issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Citigroup decreased their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 10th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday. Finally, Wells Fargo & Company reduced their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.60.

Comcast Trading Up 0.4 %

The company has a market cap of $153.87 billion, a P/E ratio of 10.28, a P/E/G ratio of 0.95 and a beta of 0.98. The business has a fifty day simple moving average of $41.58 and a 200 day simple moving average of $42.55. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

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

Hedge Funds Weigh In On Comcast

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Comcast during the 4th quarter valued at $2,542,988,000. Capital World Investors lifted its holdings in shares of Comcast by 17.0% during the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after purchasing an additional 15,625,543 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Comcast by 39.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after purchasing an additional 2,861,358 shares during the period. Morningstar Investment Services LLC raised its holdings in Comcast by 116.8% during the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after buying an additional 2,772,190 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Comcast by 215.7% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after buying an additional 2,474,946 shares in the last quarter. Institutional investors and hedge funds 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.