Insider Selling: Comcast Corp. SVP Sells 16,259 Shares of Stock (CMCSA)
Comcast Corp. (NASDAQ:CMCSA) SVP Lawrence Salva sold 16,259 shares of Comcast Corp. stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $44.66, for a total value of $726,126.94. Following the completion of the sale, the senior vice president now directly owns 17,733 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Comcast Corp. (NASDAQ:CMCSA) in a research note to investors on Tuesday, September 10th. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Comcast Corp. (NASDAQ:CMCSA) in a research note to investors on Tuesday, August 27th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Comcast Corp. (NASDAQ:CMCSA) in a research note to investors on Friday, August 23rd. They now have a $44.00 price target on the stock.
Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $47.74.
Comcast Corp. (NASDAQ:CMCSA) traded up 0.63% during mid-day trading on Tuesday, hitting $44.70. The stock had a trading volume of 2,304,736 shares. Comcast Corp. has a 1-year low of $34.72 and a 1-year high of $46.33. The stock has a 50-day moving average of $43.4 and a 200-day moving average of $42.05. The company has a market cap of $117.3 billion and a P/E ratio of 17.54.
Comcast Corp. (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $16.27 billion for the quarter, compared to the consensus estimate of $16.01 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Comcast Corp. will post $2.45 EPS for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSA) is a provider of entertainment, information and communications products and services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.