Comcast Sees Large Drop in Short Interest (CMCSK)
Comcast (NASDAQ:CMCSK) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 7,756,564 shares, a decline of 15.4% from the April 30th total of 9,166,196 shares, AnalystRatingsNetwork reports. Based on an average daily trading volume, of 2,129,480 shares, the short-interest ratio is presently 3.6 days. Approximately 1.8% of the company’s stock are short sold.
CMCSK has been the subject of a number of recent research reports. Analysts at Pacific Crest cut their price target on shares of Comcast from $66.00 to $65.00 in a research note on Wednesday, April 23rd. Analysts at ISI Group raised their price target on shares of Comcast from $59.00 to $60.00 in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $54.88.
Shares of Comcast (NASDAQ:CMCSK) opened at 52.21 on Tuesday. Comcast has a 52 week low of $37.35 and a 52 week high of $53.10. The stock’s 50-day moving average is $50.42 and its 200-day moving average is $49.69. The company has a market cap of $135.7 billion and a P/E ratio of 18.99.
Comcast (NASDAQ:CMCSK) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.04. Analysts expect that Comcast will post $2.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Monday, June 30th.
Comcast Corporation (NASDAQ:CMCSK) 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.