Comcast (NASDAQ:CMCSA) Given Buy Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Comcast (NASDAQ:CMCSA) in a research note published on Wednesday, Benzinga reports. They currently have a $55.00 price target on the cable giant’s stock.

A number of other equities analysts have also weighed in on CMCSA. Evercore ISI lowered their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research report on Wednesday, July 24th. Pivotal Research reduced their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays reduced their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $45.58.

Comcast Stock Performance

NASDAQ CMCSA opened at $42.24 on Wednesday. The stock’s fifty day moving average is $40.64 and its two-hundred day moving average is $39.52. The firm has a market capitalization of $165.73 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. Comcast has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Investment Advisors LLC grew its stake in Comcast by 4.5% during the 2nd quarter. Capital Investment Advisors LLC now owns 36,027 shares of the cable giant’s stock worth $1,411,000 after purchasing an additional 1,550 shares in the last quarter. First Hawaiian Bank boosted its position in shares of Comcast by 8.9% during the 2nd quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after acquiring an additional 15,664 shares in the last quarter. BNP Paribas acquired a new position in shares of Comcast during the 1st quarter worth about $4,117,000. Douglas Lane & Associates LLC boosted its position in shares of Comcast by 0.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares in the last quarter. Finally, American National Bank & Trust Co. VA acquired a new position in shares of Comcast during the 1st quarter worth about $426,000. 84.32% of the stock is 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.