Comcast Sees Large Growth in Short Interest (CMCSA)
Comcast (NASDAQ:CMCSA) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 73,017,466 shares, a growth of 21.2% from the April 30th total of 60,226,553 shares, American Banking and Market News reports. Based on an average daily trading volume, of 16,132,408 shares, the days-to-cover ratio is presently 4.5 days. Approximately 3.4% of the company’s stock are short sold.
A number of analysts have recently weighed in on CMCSA shares. 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. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $59.44.
Shares of Comcast (NASDAQ:CMCSA) opened at 52.07 on Friday. 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 $50.79 and a 200-day moving average of $50.93. The company has a market cap of $135.4 billion and a price-to-earnings ratio of 18.99.
Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. On average, analysts predict that Comcast will post $2.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Monday, June 30th.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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.