Comcast (NASDAQ:CMCSA) Earns “Neutral” Rating from Macquarie

Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reissued by research analysts at Macquarie in a note issued to investors on Monday,Benzinga reports. They presently have a $42.00 target price on the cable giant’s stock. Macquarie’s target price indicates a potential upside of 12.03% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reduced their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Down 0.5 %

CMCSA traded down $0.18 during trading on Monday, hitting $37.49. The company had a trading volume of 25,001,529 shares, compared to its average volume of 21,030,566. The company has a market cap of $143.46 billion, a PE ratio of 10.08, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast has a 1-year low of $36.43 and a 1-year high of $47.11. The business has a 50-day moving average of $41.25 and a 200-day moving average of $40.30.

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

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Comcast

Several hedge funds have recently made changes to their positions in the business. Fairscale Capital LLC acquired a new position in Comcast during the second quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the 2nd quarter worth $27,000. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the third quarter worth about $30,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the period. 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.