Pivotal Research Group Has Just Reaffirmed $45 Target Price Per Share on Comcast (NASDAQ:CMCSA) stock, While They’ve Also Reiterated Their Buy Rating

October 2, 2018 - By Louis Casey

Comcast Corporation (NASDAQ:CMCSA) Logo

Investors sentiment increased to 1.07 in Q2 2018. Its up 0.08, from 0.99 in 2018Q1. It increased, as 79 investors sold Comcast Corporation shares while 480 reduced holdings. 122 funds opened positions while 475 raised stakes. 3.60 billion shares or 1.67% less from 3.67 billion shares in 2018Q1 were reported.

Whittier Of Nevada Inc owns 20,946 shares. Ledyard Commercial Bank accumulated 0.04% or 10,519 shares. Highfields Mgmt Ltd Partnership stated it has 20.40M shares. Howland Capital Management Lc holds 0.1% or 37,039 shares in its portfolio. Bartlett & Llc owns 33,468 shares. 557,963 were reported by Frontier Mgmt. Montecito Financial Bank Trust stated it has 0.07% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Contravisory Inv Inc holds 0% or 300 shares. 47,387 were accumulated by Smithfield Tru. Pinnacle Assoc Ltd accumulated 829,836 shares. Dorsey & Whitney Co Ltd Com holds 0.28% in Comcast Corporation (NASDAQ:CMCSA) or 49,596 shares. Dodge And Cox has invested 3.46% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Huntington Bancshares stated it has 0.28% in Comcast Corporation (NASDAQ:CMCSA). Arizona State Retirement Systems invested in 0.41% or 1.24 million shares. Farmers Merchants Inc stated it has 0.91% of its portfolio in Comcast Corporation (NASDAQ:CMCSA).

Since April 17, 2018, it had 0 insider purchases, and 2 selling transactions for $83,010 activity.

Comcast (NASDAQ:CMCSA) Rating Reaffirmed

In an analyst report revealed to clients and investors on 2 October, The Buy rating of Comcast (NASDAQ:CMCSA) shares was restate by Analysts at Pivotal Research Group, who now has a $45 target on the stock. Pivotal Research Group’s target gives a possible upside of 28.14 % from the stock close price of the company.

Comcast Corporation (NASDAQ:CMCSA) Ratings Coverage

Among 10 analysts covering Comcast (NASDAQ:CMCSA), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Comcast has $4600 highest and $36 lowest target. $44.33’s average target is 26.23% above currents $35.1175 stock price. Comcast had 12 analyst reports since April 20, 2018 according to SRatingsIntel. The rating was downgraded by Raymond James on Wednesday, June 13 to “Market Perform”. As per Thursday, July 19, the company rating was upgraded by Raymond James. The stock of Comcast Corporation (NASDAQ:CMCSA) has “Outperform” rating given on Monday, July 30 by Robert W. Baird. The company was maintained on Wednesday, September 26 by KeyBanc Capital Markets. On Friday, April 20 the stock rating was maintained by Scotia Capital with “Buy”. The rating was downgraded by Oppenheimer to “Perform” on Monday, September 24. Jefferies initiated the shares of CMCSA in report on Thursday, June 7 with “Buy” rating. The rating was initiated by KeyBanc Capital Markets on Wednesday, May 16 with “Buy”. The stock has “Buy” rating by Pivotal Research on Tuesday, June 26. The firm has “Overweight” rating given on Monday, August 6 by Atlantic Securities.

The stock decreased 0.60% or $0.2125 during the last trading session, reaching $35.1175. About 533,195 shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 4.78% since October 2, 2017 and is downtrending. It has underperformed by 20.40% the S&P500.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on October, 25. They expect $0.63 earnings per share, up 21.15 % or $0.11 from last year’s $0.52 per share. CMCSA’s profit will be $2.89 billion for 13.94 P/E if the $0.63 EPS becomes a reality. After $0.65 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts -3.08 % negative EPS growth.

Comcast Corporation operates as a media and technology firm worldwide. The company has market cap of $160.91 billion. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks divisions. It has a 6.9 P/E ratio. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business clients under the XFINITY brand.

More notable recent Comcast Corporation (NASDAQ:CMCSA) news were published by: Seekingalpha.com which released: “Comcast picks up downgrades after Sky bid” on September 24, 2018, also Nasdaq.com with their article: “Only One of These Media Stocks Is a Long-Term Buy on NFL Prospects” published on September 18, 2018, Seekingalpha.com published: “Comcast Outbids Fox To Win Sky – Now What?” on September 25, 2018. More interesting news about Comcast Corporation (NASDAQ:CMCSA) were released by: Seekingalpha.com and their article: “Will Comcast Stock Continue To Outperform The Market?” published on October 01, 2018 as well as Seekingalpha.com‘s news article titled: “Fox to sell Sky stake to Comcast” with publication date: September 26, 2018.

Comcast Corporation (NASDAQ:CMCSA) Institutional Positions Chart

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