Comcast (NASDAQ:CMCSA) PT Set at $50.00 by Cfra

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Cfra set a $50.00 target price on Comcast (NASDAQ:CMCSA) in a research note published on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the cable giant’s stock.

A number of other research analysts have also commented on the company. Pivotal Research reaffirmed a buy rating and set a $54.00 price target on shares of Comcast in a research report on Wednesday, June 26th. ValuEngine lowered Comcast from a hold rating to a sell rating in a research report on Thursday, August 1st. KeyCorp upped their price target on Comcast from $43.00 to $50.00 and gave the company an overweight rating in a research report on Friday, April 26th. Macquarie started coverage on Comcast in a research report on Wednesday, June 19th. They set a buy rating and a $50.00 price target for the company. Finally, Goldman Sachs Group raised Comcast from a neutral rating to a buy rating and upped their price target for the company from $44.00 to $54.00 in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $46.25.

CMCSA opened at $42.43 on Wednesday. Comcast has a 12-month low of $32.61 and a 12-month high of $45.29. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The stock has a 50-day moving average price of $43.54 and a 200-day moving average price of $41.59. The stock has a market capitalization of $198.93 billion, a P/E ratio of 15.47, a PEG ratio of 1.20 and a beta of 1.08.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.03. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The company had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.08 billion. During the same quarter in the previous year, the company posted $0.65 EPS. Comcast’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities research analysts predict that Comcast will post 3.08 EPS for the current year.

In related news, SVP Daniel C. Murdock sold 1,701 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total value of $70,523.46. Following the sale, the senior vice president now owns 4,712 shares in the company, valued at approximately $195,359.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel C. Murdock sold 848 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the sale, the senior vice president now owns 3,419 shares in the company, valued at approximately $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in Comcast by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 639,819 shares of the cable giant’s stock valued at $27,051,000 after purchasing an additional 19,495 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in Comcast by 4.0% during the 2nd quarter. Chesley Taft & Associates LLC now owns 43,480 shares of the cable giant’s stock valued at $1,838,000 after purchasing an additional 1,675 shares during the last quarter. PDS Planning Inc purchased a new stake in Comcast during the 1st quarter valued at $226,000. Cibc Bank USA boosted its stake in Comcast by 23.1% during the 2nd quarter. Cibc Bank USA now owns 27,072 shares of the cable giant’s stock valued at $1,145,000 after purchasing an additional 5,079 shares during the last quarter. Finally, Cypress Capital Management LLC purchased a new stake in Comcast during the 2nd quarter valued at $8,070,000. Institutional investors own 82.85% of the company’s stock.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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