Comcast (NASDAQ:CMCSA) Rating Increased to Strong-Buy at StockNews.com

Comcast (NASDAQ:CMCSA) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

A number of other brokerages have also issued reports on CMCSA. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Barclays boosted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Trading Down 0.2 %

NASDAQ CMCSA opened at $42.56 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $162.86 billion, a PE ratio of 11.44, a P/E/G ratio of 1.63 and a beta of 1.00. Comcast has a one year low of $36.43 and a one year high of $47.11. The firm’s fifty day moving average is $42.18 and its two-hundred day moving average is $40.12.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Analysts expect that Comcast will post 4.26 earnings per share for the current year.

Hedge Funds Weigh In On Comcast

Institutional investors and hedge funds have recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the third quarter valued at approximately $30,000. McClarren Financial Advisors Inc. increased its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, IAG Wealth Partners LLC increased its position in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the last quarter. Hedge funds and other 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.