Pivotal Research Reiterates “Buy” Rating for Comcast (CMCSA)

Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Pivotal Research in a research report issued on Tuesday. They currently have a $50.00 price target on the cable giant’s stock. Pivotal Research’s price objective suggests a potential upside of 26.45% from the company’s current price.

Other research analysts have also issued reports about the stock. Macquarie restated a “buy” rating and issued a $40.00 price objective on shares of Comcast in a report on Thursday, December 7th. Barclays decreased their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, October 27th. Moffett Nathanson upgraded shares of Comcast from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Tuesday, September 12th. They noted that the move was a valuation call. ValuEngine lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Robert W. Baird restated an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $45.72.

Shares of Comcast (NASDAQ:CMCSA) traded down $0.17 during midday trading on Tuesday, reaching $39.54. 18,523,200 shares of the company’s stock traded hands, compared to its average volume of 20,494,512. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a 1-year low of $34.12 and a 1-year high of $42.18. The company has a market cap of $185,595.44, a price-to-earnings ratio of 19.71, a PEG ratio of 1.90 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to analyst estimates of $21.05 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. research analysts expect that Comcast will post 2.06 EPS for the current year.

In related news, EVP Arthur R. Block sold 4,091 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the sale, the executive vice president now directly owns 68,478 shares of the company’s stock, valued at approximately $2,626,816.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the sale, the chairman now directly owns 1,711,798 shares in the company, valued at $66,195,228.66. The disclosure for this sale can be found here. Corporate insiders own 1.28% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Connecticut Wealth Management LLC boosted its holdings in shares of Comcast by 0.4% during the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares during the last quarter. Financial Consulate Inc. boosted its holdings in shares of Comcast by 0.5% during the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the last quarter. Clarius Group LLC boosted its holdings in shares of Comcast by 0.4% during the 2nd quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after acquiring an additional 32 shares during the last quarter. GM Advisory Group Inc. boosted its holdings in shares of Comcast by 0.9% during the 2nd quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after acquiring an additional 48 shares during the last quarter. Finally, Peoples Bank OH boosted its holdings in shares of Comcast by 0.9% during the 2nd quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock valued at $247,000 after acquiring an additional 59 shares during the last quarter. 82.13% of the stock is currently owned by institutional investors.

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About Comcast

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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