Comcast (NASDAQ:CMCSA) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Comcast (NASDAQ:CMCSA) had its price objective lifted by investment analysts at Wells Fargo & Company from $43.00 to $46.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the cable giant’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 5.60% from the stock’s current price.

Several other analysts have also recently commented on CMCSA. Macquarie reiterated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a report on Friday. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday. KeyCorp upped their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.63.

Comcast Stock Down 0.3 %

CMCSA stock opened at $43.56 on Friday. The company has a market cap of $168.69 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The business has a 50-day simple moving average of $40.80 and a 200 day simple moving average of $39.58. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Sell-side analysts anticipate that Comcast will post 4.24 EPS for the current fiscal year.

Institutional Trading of Comcast

Large investors have recently modified their holdings of the business. Fairscale Capital LLC purchased a new position in shares of Comcast during the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast during the second quarter valued at approximately $27,000. IAG Wealth Partners LLC boosted its holdings in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its holdings in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

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.