Morningstar Assigns “A-” Credit Rating to Comcast (CMCSA)
Comcast (NASDAQ:CMCSA) has been given an “A-” credit rating by analysts at Morningstar. The firm’s “A-” rating indicates that the company is a low default risk. They also issued a negative credit outlook for the company and gave their stock a two star rating.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Comcast in a research note on Wednesday. They now have a $58.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Comcast in a research note on Tuesday. They set a “buy” rating on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $62.35.
Comcast (NASDAQ:CMCSA) opened at 54.88 on Friday. Comcast has a 52 week low of $42.09 and a 52 week high of $56.49. The stock’s 50-day moving average is $54.29 and its 200-day moving average is $52.25. The company has a market cap of $142.0 billion and a P/E ratio of 19.32.
Comcast (NASDAQ:CMCSA) last announced its earnings results on Tuesday, July 22nd. The company reported $0.75 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Comcast will post $2.95 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, September 29th.
Comcast Corporation (NASDAQ:CMCSA) to residential and business customers.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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