Macquarie Issues a Buy Rating on Comcast

By Jason Carr

Macquarie analyst Amy Yong assigned a Buy rating to Comcast (NASDAQ: CMCSA) yesterday and set a price target of $40. The company’s shares closed yesterday at $38.63.

According to TipRanks.com, Yong is a 4-star analyst with an average return of 7.7% and a 60.5% success rate. Yong covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Liberty Global PLC LiLAC Class A, and Live Nation Entertainment.

Currently, the analyst consensus on Comcast is Strong Buy and the average price target is $44.44, representing a 15.0% upside.

In a report issued on November 21, Buckingham also initiated coverage with a Buy rating on the stock with a $48 price target.

The company has a one-year high of $42.18 and a one-year low of $34.12. Currently, Comcast has an average volume of 27.82M.

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock.

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.