Comcast (NASDAQ:CMCSA) Price Target Raised to $54.00

by · The Markets Daily

Comcast (NASDAQ:CMCSA – Free Report) had its target price boosted by Pivotal Research from $47.00 to $54.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the cable giant’s stock.

Other research analysts also recently issued reports about the stock. KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Friday. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, July 24th. Finally, Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $47.75 to $48.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.63.

Get Our Latest Stock Analysis on CMCSA

Comcast Stock Down 0.3 %

Comcast stock opened at $43.56 on Friday. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market cap of $168.69 billion, a PE ratio of 11.71, a PEG ratio of 1.15 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.66 and a current ratio of 0.72. The business’s 50-day simple moving average is $40.80 and its two-hundred day simple moving average is $39.58.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company earned $1.08 EPS. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Comcast will post 4.24 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC boosted its holdings in shares of Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares during the last quarter. First Hawaiian Bank boosted its stake in Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares during the last quarter. BNP Paribas acquired a new stake in shares of Comcast in the 1st quarter worth $4,117,000. Douglas Lane & Associates LLC raised its holdings in shares of Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares during the period. Finally, Wulff Hansen & CO. boosted its position in shares of Comcast by 3,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after acquiring an additional 544,123 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Company Profile

(Get Free Report)

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.

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