StockNews.com Upgrades Comcast (NASDAQ:CMCSA) to “Strong-Buy”

Comcast (NASDAQ:CMCSA) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

CMCSA has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. KeyCorp upped their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Stock Down 1.3 %

Shares of CMCSA stock traded down $0.56 during trading on Tuesday, hitting $42.64. 18,338,154 shares of the company were exchanged, compared to its average volume of 19,621,549. The business’s 50-day simple moving average is $42.13 and its 200 day simple moving average is $40.11. Comcast has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market capitalization of $163.16 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.64 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. As a group, analysts forecast that Comcast will post 4.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Synovus Financial Corp raised its stake in Comcast by 2.2% during the third quarter. Synovus Financial Corp now owns 154,036 shares of the cable giant’s stock worth $6,434,000 after acquiring an additional 3,323 shares in the last quarter. Tidal Investments LLC increased its position in shares of Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after purchasing an additional 22,684 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. World Investment Advisors LLC boosted its position in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Comcast by 0.6% during the third quarter. Sanctuary Advisors LLC now owns 763,784 shares of the cable giant’s stock worth $33,202,000 after buying an additional 4,691 shares during the last quarter. 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.