In a report released yesterday, Bernie McTernan from Rosenblatt Securities reiterated a Buy rating on Comcast (CMCSA), with a price target of $44.00. The company’s shares closed last Thursday at $37.63.
According to TipRanks.com, McTernan is a 2-star analyst with an average return of -0.8% and a 52.0% success rate. McTernan covers the Services sector, focusing on stocks such as Charter Communications, Peloton Interactive, and World Wrestling.
Comcast has an analyst consensus of Moderate Buy, with a price target consensus of $44.08, implying a 20.7% upside from current levels. In a report issued on April 16, Barclays also maintained a Buy rating on the stock with a $44.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $47.75 and a one-year low of $31.71. Currently, Comcast has an average volume of 29.04M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand. The Cable Networks segment consists of national cable networks, regional sports, news networks, international cable networks, and cable television studio production operations. The Broadcast Television segment includes NBC and Telemundo broadcast networks. The Filmed Entertainment segment involves in the production, acquisition, marketing, and distribution of filmed entertainment. The Theme Parks segment consists of Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan. The Sky segment Consists of the operations of Sky, one of Europe’s entertainment companies, which primarily includes a direct-to-consumer business, providing video, high-speed internet, voice and wireless phone services, and a content business, operating entertainment networks, the Sky News broadcast network and Sky Sports networks. The company was founded by Ralph J. Roberts in 1963 and is headquartered in Philadelphia, PA.
