Comcast (NASDAQ:CMCSA) Earns Buy Rating from Benchmark

Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They presently have a $60.00 price target on the cable giant’s stock. Benchmark’s price target indicates a potential upside of 39.57% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Pivotal Research boosted their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Price Performance

Comcast stock opened at $42.99 on Tuesday. The company has a market cap of $164.50 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.63 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $41.82 and its 200 day moving average is $39.97. Comcast has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Sell-side analysts forecast that Comcast will post 4.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMCSA. McIlrath & Eck LLC raised its holdings in shares of Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after purchasing an additional 282 shares during the period. Invst LLC grew its holdings in shares of Comcast by 8.4% during the third quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock valued at $1,664,000 after purchasing an additional 3,077 shares during the last quarter. Unigestion Holding SA raised its position in shares of Comcast by 89.0% during the 3rd quarter. Unigestion Holding SA now owns 209,098 shares of the cable giant’s stock worth $8,734,000 after purchasing an additional 98,481 shares during the period. Second Line Capital LLC boosted its position in Comcast by 37.0% during the 3rd quarter. Second Line Capital LLC now owns 7,540 shares of the cable giant’s stock valued at $315,000 after purchasing an additional 2,038 shares during the period. Finally, Soltis Investment Advisors LLC increased its position in Comcast by 8.9% in the third quarter. Soltis Investment Advisors LLC now owns 9,325 shares of the cable giant’s stock worth $390,000 after buying an additional 766 shares during the period. 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.