Goldman Sachs Initiates Coverage on Comcast (CMCSA)
Shares of Comcast (NASDAQ:CMCSA) traded down 0.34% on Tuesday, hitting $54.535. The stock had a trading volume of 2,499,282 shares. Comcast has a one year low of $42.09 and a one year high of $56.49. The stock’s 50-day moving average is $54.31 and its 200-day moving average is $52.25. The company has a market cap of $141.1 billion and a P/E ratio of 19.27.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 22nd. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $16.84 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same quarter last year, the company posted $0.65 earnings per share. Comcast’s revenue was up 22.0% compared to the same quarter last year. On average, analysts predict that Comcast will post $2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, September 29th.
In other Comcast news, Director Joseph J. Collins unloaded 8,996 shares of Comcast stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $54.42, for a total transaction of $489,562.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other analysts have also recently weighed in on CMCSA. Analysts at Oppenheimer raised their price target on shares of Comcast from $58.00 to $62.00 in a research note on Thursday, July 24th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Comcast in a research note on Wednesday, July 23rd. They now have a $63.00 price target on the stock, up previously from $61.00. Finally, analysts at Jefferies Group raised their price target on shares of Comcast from $60.00 to $62.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $62.63.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
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