Comcast (CMCSA) Research Coverage Started at Wolfe Research

Analysts at Wolfe Research assumed coverage on shares of Comcast (NASDAQ:CMCSA) in a research report issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the cable giant’s stock.

CMCSA has been the subject of several other research reports. BidaskClub raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 17th. Morgan Stanley began coverage on shares of Comcast in a research report on Thursday, November 8th. They issued an “overweight” rating and a $46.00 price objective for the company. Scotiabank set a $48.00 price objective on shares of Comcast and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Barclays began coverage on shares of Comcast in a research report on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 price objective for the company. Finally, Oppenheimer reissued a “market perform” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, September 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.61.

NASDAQ:CMCSA traded down $0.36 during trading hours on Friday, reaching $37.52. 488,803 shares of the company were exchanged, compared to its average volume of 17,808,446. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.96. The company has a market cap of $175.05 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.19 and a beta of 0.92. Comcast has a 52-week low of $30.43 and a 52-week high of $44.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 25th. The cable giant reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. The company had revenue of $22.14 billion for the quarter, compared to the consensus estimate of $21.75 billion. Comcast had a net margin of 27.33% and a return on equity of 15.79%. Research analysts forecast that Comcast will post 2.54 earnings per share for the current fiscal year.

In other Comcast news, EVP Arthur R. Block sold 6,448 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $35.48, for a total transaction of $228,775.04. Following the completion of the transaction, the executive vice president now directly owns 74,644 shares of the company’s stock, valued at approximately $2,648,369.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 1,082 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $35.94, for a total transaction of $38,887.08. Following the transaction, the executive vice president now directly owns 62,476 shares of the company’s stock, valued at $2,245,387.44. The disclosure for this sale can be found here. 1.31% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Acropolis Investment Management LLC bought a new stake in Comcast in the 3rd quarter valued at about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Comcast in the 2nd quarter valued at about $129,000. Signature Estate & Investment Advisors LLC bought a new stake in Comcast in the 3rd quarter valued at about $149,000. Stelac Advisory Services LLC bought a new stake in Comcast in the 3rd quarter valued at about $154,000. Finally, Resources Investment Advisors Inc. lifted its position in Comcast by 51.4% in the 2nd quarter. Resources Investment Advisors Inc. now owns 4,465 shares of the cable giant’s stock valued at $147,000 after purchasing an additional 1,516 shares during the last quarter. 79.99% of the stock is owned by institutional investors.

Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

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The Fly

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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