Loop Capital Markets Remains a Buy on Comcast (CMCSA)

Loop Capital Markets analyst Alan Gould maintained a Buy rating on Comcast (CMCSA – Research Report) today and set a price target of $57.00. The company’s shares closed yesterday at $40.36.

According to TipRanks, Gould is a 4-star analyst with an average return of 4.5% and a 53.65% success rate. Gould covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Comcast, and Gray Television.

In addition to Loop Capital Markets, Comcast also received a Buy from Morgan Stanley’s Benjamin Swinburne in a report issued on April 18. However, on April 9, Exane BNP Paribas downgraded Comcast (NASDAQ: CMCSA) to a Hold.

CMCSA market cap is currently $160.3B and has a P/E ratio of 10.88.

Based on the recent corporate insider activity of 70 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.