Comcast (NASDAQ:CMCSA) Given New $47.00 Price Target at KeyCorp

Comcast (NASDAQ:CMCSA) had its target price hoisted by stock analysts at KeyCorp from $44.00 to $47.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the cable giant’s stock. KeyCorp’s price objective points to a potential upside of 6.24% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, July 24th. Barclays reduced their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Macquarie reissued a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $45.80.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.57 during trading hours on Friday, reaching $44.24. The company’s stock had a trading volume of 3,810,391 shares, compared to its average volume of 19,580,838. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11. The business has a 50-day simple moving average of $40.73 and a 200 day simple moving average of $39.55. The stock has a market cap of $171.32 billion, a PE ratio of 11.78, a PEG ratio of 1.11 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. Equities research analysts predict that Comcast will post 4.24 earnings per share for the current fiscal year.

Institutional Trading of Comcast

Institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management grew its position in shares of Comcast by 27.9% in the third quarter. Hollencrest Capital Management now owns 1,649 shares of the cable giant’s stock valued at $69,000 after purchasing an additional 360 shares during the last quarter. ABLE Financial Group LLC raised its stake in Comcast by 16.0% during the third quarter. ABLE Financial Group LLC now owns 45,626 shares of the cable giant’s stock worth $1,906,000 after acquiring an additional 6,299 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Comcast during the 3rd quarter worth approximately $314,000. Philip James Wealth Mangement LLC acquired a new stake in Comcast in the third quarter valued at approximately $449,000. Finally, Stiles Financial Services Inc lifted its stake in shares of Comcast by 41.5% in the 3rd quarter. Stiles Financial Services Inc now owns 22,717 shares of the cable giant’s stock valued at $949,000 after acquiring an additional 6,664 shares during the last quarter. 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.