Comcast Sees Unusually Large Options Volume (NASDAQ:CMCSA)

Comcast Co. (NASDAQ:CMCSA – Get Free Report) was the target of some unusual options trading on Wednesday. Investors purchased 97,884 put options on the company. This represents an increase of approximately 334% compared to the typical volume of 22,546 put options.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMCSA shares. Macquarie raised Comcast from an “underperform” rating to a “neutral” rating and set a $46.00 price target on the stock in a report on Friday, July 28th. Wolfe Research raised Comcast from an “underperform” rating to a “peer perform” rating in a report on Wednesday, August 2nd. Oppenheimer boosted their price objective on Comcast from $48.00 to $55.00 in a research note on Friday, July 28th. TD Cowen upped their price target on shares of Comcast from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Comcast from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, September 25th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.96.

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Read Our Latest Analysis on Comcast

Comcast Stock Down 1.6 %

Shares of NASDAQ:CMCSA opened at $42.75 on Thursday. The stock has a market cap of $176.35 billion, a P/E ratio of 27.06, a PEG ratio of 1.16 and a beta of 0.99. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $44.82 and a two-hundred day moving average of $42.51. Comcast has a 52-week low of $30.04 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The cable giant reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. The business had revenue of $30.51 billion for the quarter, compared to analysts’ expectations of $30.11 billion. Comcast had a net margin of 5.40% and a return on equity of 19.79%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, research analysts expect that Comcast will post 3.81 earnings per share for the current year.

Institutional Investors Weigh In On Comcast

Several institutional investors have recently modified their holdings of the company. OLD Point Trust & Financial Services N A purchased a new stake in Comcast in the 2nd quarter valued at approximately $27,000. Kalos Management Inc. acquired a new stake in Comcast in the 1st quarter worth about $28,000. NewSquare Capital LLC grew its holdings in Comcast by 134.3% in the 1st quarter. NewSquare Capital LLC now owns 752 shares of the cable giant’s stock valued at $29,000 after buying an additional 431 shares during the period. GW&K Investment Management LLC acquired a new position in shares of Comcast during the 1st quarter valued at about $29,000. Finally, Caldwell Sutter Capital Inc. boosted its position in shares of Comcast by 852.1% in the second quarter. Caldwell Sutter Capital Inc. now owns 695 shares of the cable giant’s stock worth $29,000 after acquiring an additional 622 shares during the last quarter. 82.85% of the stock is owned by hedge funds and other institutional investors.

Comcast Company Profile

(Get Free Report)

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, advertising sales, and Sky channels.

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