In a report released today, Timothy Horan from Oppenheimer assigned a Hold rating to Comcast (CMCSA). The company’s shares closed last Thursday at $55.73, close to its 52-week high of $58.59.
According to TipRanks.com, Horan is a 5-star analyst with an average return of 18.6% and a 68.8% success rate. Horan covers the Technology sector, focusing on stocks such as Rackspace Technology, Lumen Technologies, and Digital Turbine.
Currently, the analyst consensus on Comcast is a Strong Buy with an average price target of $62.13.
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Based on Comcast’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $27.71 billion and net profit of $3.38 billion. In comparison, last year the company earned revenue of $28.4 billion and had a net profit of $3.16 billion.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMCSA in relation to earlier this year.
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 is a media and technology company with three primary businesses: Comcast Cable, NBCUniversal, and Sky. The Comcast Cable/Cable Communications business provides high-speed internet, video, voice, wireless, as well as security and automation services. NBCUniversal develops, produces and distributes entertainment, news and information, sports, and other content and also operates theme parks. Sky is one of Europe’s leading entertainment companies and 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.
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