Comcast Short Interest Up 12.7% in April (CMCSA)
Comcast (NASDAQ:CMCSA) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 60,226,553 shares, an increase of 12.7% from the April 15th total of 53,451,858 shares, Analyst Ratings.Net reports. Based on an average trading volume of 19,245,413 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.8% of the company’s shares are short sold.
In other Comcast news, Director Sheldon M. Bonovitz sold 6,845 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $50.49, for a total value of $345,604.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CMCSA. Analysts at Pacific Crest reiterated an “outperform” rating on shares of Comcast in a research note on Wednesday, April 23rd. They now have a $65.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Comcast in a research note on Wednesday, April 23rd. They now have a $66.00 price target on the stock. Finally, analysts at Telsey Advisory Group initiated coverage on shares of Comcast in a research note on Tuesday, April 22nd. They set a “not rated” rating and a $64.00 price target on the stock. Four research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $58.56.
Comcast (NASDAQ:CMCSA) opened at 50.11 on Wednesday. Comcast has a 52 week low of $38.75 and a 52 week high of $55.28. The stock has a 50-day moving average of $50.33 and a 200-day moving average of $50.67. The company has a market cap of $130.3 billion and a P/E ratio of 18.55.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, April 22nd. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.04. The company had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $17.00 billion. During the same quarter last year, the company posted $0.51 earnings per share. Comcast’s revenue was up 13.7% compared to the same quarter last year. On average, analysts predict that Comcast will post $2.93 earnings per share for the current fiscal year.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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