Comcast Co. (NASDAQ:CMCSA) Sees Large Growth in Short Interest

Comcast Co. (NASDAQ:CMCSAGet Free Report) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 57,790,000 shares, a growth of 13.6% from the September 30th total of 50,870,000 shares. Based on an average trading volume of 17,400,000 shares, the short-interest ratio is presently 3.3 days. Approximately 1.5% of the shares of the company are short sold.

Comcast Price Performance

Shares of NASDAQ CMCSA traded up $0.17 during mid-day trading on Wednesday, reaching $42.24. 27,522,865 shares of the company were exchanged, compared to its average volume of 19,581,463. Comcast has a 52 week low of $36.43 and a 52 week high of $47.11. The company’s 50 day moving average price is $40.59 and its 200 day moving average price is $39.50. The stock has a market capitalization of $165.73 billion, a PE ratio of 11.14, a PEG ratio of 1.10 and a beta of 1.01. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CMCSA shares. KeyCorp reduced their target price on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, July 24th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Barclays cut their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. Pivotal Research decreased their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.58.

Read Our Latest Stock Analysis on CMCSA

Institutional Investors Weigh In On Comcast

Several hedge funds have recently added to or reduced their stakes in the company. Capital World Investors raised its position in Comcast by 7.4% in the 1st quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock worth $5,015,737,000 after purchasing an additional 7,929,963 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after acquiring an additional 1,000,626 shares during the period. Price T Rowe Associates Inc. MD grew its position in Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock worth $470,391,000 after purchasing an additional 10,809,231 shares during the period. Finally, First Pacific Advisors LP lifted its position in Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock valued at $423,633,000 after purchasing an additional 219,894 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Company Profile

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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, sky-branded entertainment television networks, and advertising.

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