Benchmark Reaffirms “Buy” Rating for Comcast (NASDAQ:CMCSA)

Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $60.00 price target on the cable giant’s stock. Benchmark’s price objective suggests a potential upside of 39.53% from the company’s previous close.

Several other research firms also recently weighed in on CMCSA. KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. TD Cowen cut their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Wells Fargo & Company boosted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Stock Up 0.3 %

Shares of CMCSA opened at $43.00 on Tuesday. The stock has a market capitalization of $164.54 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Comcast has a 1 year low of $36.43 and a 1 year high of $47.11. The business’s 50 day simple moving average is $41.67 and its 200-day simple moving average is $39.93. 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 (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. As a group, equities analysts expect that Comcast will post 4.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Comcast

Hedge funds have recently made changes to their positions in the stock. Capital Investment Advisors LLC lifted its stake 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 raised its stake in Comcast by 8.9% in the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock valued at $7,513,000 after buying an additional 15,664 shares during the last quarter. Douglas Lane & Associates LLC raised its stake in Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares during the last quarter. Wulff Hansen & CO. raised its stake in Comcast by 3,816.0% in the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after buying an additional 544,123 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Comcast in the first quarter valued at about $773,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

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.