Bank of America Securities Remains a Buy on Comcast (CMCSA)

Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Comcast yesterday and set a price target of $37.00. The company’s shares closed yesterday at $28.73.

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Reif Ehrlich covers the Communication Services sector, focusing on stocks such as Comcast, Walt Disney, and Charter Communications. According to TipRanks, Reif Ehrlich has an average return of 10.5% and a 50.00% success rate on recommended stocks.

Comcast has an analyst consensus of Hold, with a price target consensus of $32.19, representing a 12.04% upside. In a report released on March 17, TipRanks – Google also reiterated a Buy rating on the stock with a $35.00 price target.

Based on Comcast’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.31 billion and a net profit of $1.97 billion. In comparison, last year the company earned a revenue of $31.92 billion and had a net profit of $4.78 billion

Based on the recent corporate insider activity of 53 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. Earlier this month, Jason Armstrong, the CFO of CMCSA sold 4,494.00 shares for a total of $142,594.62.