Comcast (NASDAQ:CMCSA) Coverage Initiated at The Goldman Sachs Group

Equities research analysts at The Goldman Sachs Group started coverage on shares of Comcast (NASDAQ:CMCSA) in a report released on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $44.00 price target on the cable giant’s stock. The Goldman Sachs Group’s target price points to a potential upside of 14.35% from the stock’s current price.

CMCSA has been the topic of several other reports. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday. Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Wells Fargo & Company lowered their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.62.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $38.48 on Tuesday. The company has a market cap of $150.98 billion, a P/E ratio of 10.18, a PEG ratio of 0.96 and a beta of 1.00. The firm has a 50-day simple moving average of $38.79 and a two-hundred day simple moving average of $41.49. Comcast has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 earnings per share. Research analysts anticipate that Comcast will post 4.21 earnings per share for the current year.

Insider Activity at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Comcast

Large investors have recently made changes to their positions in the stock. Greenwich Wealth Management LLC lifted its holdings in Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after acquiring an additional 219 shares during the last quarter. Legend Financial Advisors Inc. lifted its holdings in Comcast by 17.5% in the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after acquiring an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. lifted its holdings in Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after acquiring an additional 226 shares during the last quarter. Keystone Financial Services lifted its holdings in Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the last quarter. Finally, Bollard Group LLC lifted its holdings in Comcast by 0.7% in the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after acquiring an additional 244 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

About Comcast

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.