Comcast (NASDAQ:CMCSA) Upgraded by Evercore ISI to Strong-Buy Rating

Comcast (NASDAQ:CMCSA) was upgraded by equities researchers at Evercore ISI to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

CMCSA has been the topic of a number of other reports. 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 report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday. Wells Fargo & Company increased their price objective on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Macquarie increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, TD Cowen decreased their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Down 0.1 %

CMCSA stock opened at $43.47 on Thursday. The firm’s fifty day simple moving average is $41.98 and its 200-day simple moving average is $40.03. The company has a market capitalization of $166.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast has a 12 month low of $36.43 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (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 firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that Comcast will post 4.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CMCSA. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast in the second quarter worth approximately $27,000. IAG Wealth Partners LLC lifted its stake in Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. lifted its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in Comcast in the third quarter worth approximately $30,000. Hedge funds and other 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.