Comcast (NASDAQ:CMCSA) Stock Rating Upgraded by Zacks Research

Comcast (NASDAQ:CMCSA) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on CMCSA. Morgan Stanley reduced their price objective on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. Wall Street Zen raised shares of Comcast to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Finally, Bank of America raised Comcast from a “neutral” rating to a “buy” rating and raised their target price for the company from $31.00 to $37.00 in a report on Monday, January 12th. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.71.

Comcast Trading Down 2.3%

Shares of CMCSA stock opened at $28.05 on Tuesday. The stock has a market cap of $100.92 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 2.28 and a beta of 0.80. Comcast has a 1 year low of $25.75 and a 1 year high of $36.66. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The stock has a 50 day simple moving average of $30.33 and a 200 day simple moving average of $29.42.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analyst estimates of $32.35 billion. Comcast had a return on equity of 16.86% and a net margin of 16.17%.Comcast’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. On average, research analysts predict that Comcast will post 4.33 earnings per share for the current fiscal year.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Comcast

A number of hedge funds have recently added to or reduced their stakes in CMCSA. Capital A Wealth Management LLC grew its holdings in Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the period. Howard Hughes Medical Institute acquired a new position in Comcast during the 2nd quarter worth approximately $29,000. Imprint Wealth LLC bought a new position in Comcast in the third quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Comcast in the second quarter valued at approximately $31,000. Finally, United Financial Planning Group LLC bought a new stake in shares of Comcast during the third quarter valued at approximately $28,000. 84.32% of the stock is currently owned by institutional investors.

More Comcast News

Here are the key news stories impacting Comcast this week:

• Positive Sentiment: Bank of America re?affirmed Comcast as a “Buy,” signaling institutional conviction despite short?term weakness — this supports a longer?term thesis for the stock. BofA Reiterates Comcast
• Positive Sentiment: Comcast is expanding rural and suburban multi?gig broadband and launched “Total Solutions Advantage,” bundled connectivity + cybersecurity plans for small businesses — initiatives that can drive ARPU growth and enterprise penetration over time. Rural Upgrades & Bundled Cybersecurity
• Positive Sentiment: Comcast Advertising partnered with DISQO to add deterministic TV/streaming attribution, strengthening ad measurement capabilities — a revenue/cross?sell catalyst for the advertising unit. DISQO Partnership
• Neutral Sentiment: Brokerage consensus remains centered around “Hold”; coverage is mixed which can limit near?term conviction despite product and network progress. Consensus Hold
• Neutral Sentiment: The stock saw an earlier intraday uptick tied to the SMB plans and network expansion news; that bullish reaction has partially reversed as traders reassess momentum. Intraday Move Explained
• Negative Sentiment: A price?target cut from Scotiabank (from $35.25 to $34.00) and its “sector perform” stance reduce near?term upside confidence for some investors, contributing to selling pressure. Scotiabank Lowers PT
• Negative Sentiment: Headline coverage flagged the stock’s pullback as markets broadly gained, reinforcing the narrative of short?term underperformance and analyst caution (only ~30% of analysts bullish), which pressures sentiment. Zacks: Stock Sinks

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.