Benchmark Reiterates Buy Rating for Comcast (NASDAQ:CMCSA)

Comcast (NASDAQ:CMCSA)‘s stock had its “buy” rating reiterated by research analysts at Benchmark in a research report issued on Wednesday, Benzinga reports. They currently have a $55.00 price target on the cable giant’s stock. Benchmark’s price objective indicates a potential upside of 30.21% from the stock’s previous close.

CMCSA has been the topic of a number of other reports. Macquarie reiterated a “neutral” rating and set a $40.00 price objective on shares of Comcast in a report on Wednesday, July 24th. KeyCorp lowered their price target on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. Barclays reduced their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. Evercore ISI decreased their price objective on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.58.

Comcast Stock Up 0.4 %

CMCSA traded up $0.17 on Wednesday, reaching $42.24. 6,919,953 shares of the company traded hands, compared to its average volume of 19,483,422. Comcast has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $165.73 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.10 and a beta of 1.01. The stock’s 50 day moving average price is $40.59 and its 200-day moving average price is $39.50.

Institutional Trading of Comcast

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Resource Council raised its stake in shares of Comcast by 75.1% in the 1st quarter. Advisor Resource Council now owns 9,615 shares of the cable giant’s stock valued at $421,000 after buying an additional 4,123 shares in the last quarter. American National Bank & Trust Co. VA bought a new position in Comcast during the first quarter worth about $426,000. Norden Group LLC boosted its holdings in Comcast by 15.8% during the first quarter. Norden Group LLC now owns 21,212 shares of the cable giant’s stock valued at $920,000 after purchasing an additional 2,902 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Comcast by 3.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 62,547 shares of the cable giant’s stock valued at $2,696,000 after purchasing an additional 1,830 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in shares of Comcast in the 1st quarter worth approximately $3,131,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

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.