Comcast (CMCSA) Receives a Hold from Barclays

In a report released today, Kannan Venkateshwar from Barclays maintained a Hold rating on Comcast (CMCSA – Research Report), with a price target of $44.00. The company’s shares closed yesterday at $42.28.

According to TipRanks, Venkateshwar is a 4-star analyst with an average return of 7.3% and a 57.47% success rate. Venkateshwar covers the Communication Services sector, focusing on stocks such as Verizon, Walt Disney, and AT&T.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Comcast with a $52.00 average price target, which is a 22.99% upside from current levels. In a report released on March 21, J.P. Morgan also maintained a Hold rating on the stock with a $49.00 price target.

The company has a one-year high of $47.11 and a one-year low of $35.66. Currently, Comcast has an average volume of 20.32M.

Based on the recent corporate insider activity of 66 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 (CMCSA) Company Description:

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.