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, 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.

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