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

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

A number of other equities analysts have also weighed in on CMCSA. Macquarie boosted their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Barclays increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Pivotal Research increased their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.56 on Tuesday, reaching $42.64. 18,338,154 shares of the company were exchanged, compared to its average volume of 19,621,549. The company has a 50-day moving average of $42.13 and a 200-day moving average of $40.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $163.16 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.00. Comcast has a 1-year low of $36.43 and a 1-year high of $47.11.

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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. Comcast’s revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Comcast will post 4.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Comcast

Several hedge funds have recently made changes to their positions in CMCSA. Synovus Financial Corp boosted its stake in shares of Comcast by 2.2% during the 3rd quarter. Synovus Financial Corp now owns 154,036 shares of the cable giant’s stock worth $6,434,000 after acquiring an additional 3,323 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after purchasing an additional 22,684 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. World Investment Advisors LLC raised its holdings in Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after buying an additional 229,192 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in Comcast by 0.6% during the third quarter. Sanctuary Advisors LLC now owns 763,784 shares of the cable giant’s stock valued at $33,202,000 after buying an additional 4,691 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

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.