Comcast (NASDAQ:CMCSA) Given “Outperform” Rating at Oppenheimer

Comcast (NASDAQ:CMCSA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Oppenheimer in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $55.00 price target on the cable giant’s stock. Oppenheimer’s target price suggests a potential upside of 33.79% from the company’s current price.

Several other brokerages also recently commented on CMCSA. Citigroup lifted their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Wells Fargo & Company lifted their target price on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Pivotal Research lifted their target price on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.68.

Comcast Trading Down 1.0 %

CMCSA stock opened at $41.11 on Wednesday. The company has a market capitalization of $163.28 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Comcast has a one year low of $36.38 and a one year high of $47.46. The company’s 50 day moving average price is $42.91 and its two-hundred day moving average price is $43.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

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

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Comcast

Hedge funds have recently bought and sold shares of the business. Greenwich Wealth Management LLC raised its holdings in shares of Comcast by 2.6% in the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares during the last quarter. Legend Financial Advisors Inc. raised its holdings in shares of Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. grew its position in shares of Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after purchasing an additional 226 shares during the period. Keystone Financial Services grew its position in shares of Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after purchasing an additional 229 shares during the period. Finally, Capital Investment Advisors LLC grew its position in shares of Comcast by 0.7% in the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the period. 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.