Comcast Corporation (CMCSA) Given Consensus Rating of “Buy” by Analysts
Comcast Corporation (NASDAQ:CMCSA) has been assigned a consensus recommendation of “Buy” from the twenty-six analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $45.69.
Several research firms have commented on CMCSA. Instinet reaffirmed a “buy” rating and set a $46.00 price objective on shares of Comcast Corporation in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and set a $47.00 price target (up from $43.00) on shares of Comcast Corporation in a research report on Saturday, April 29th. Royal Bank Of Canada upped their price target on Comcast Corporation from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a research report on Wednesday, June 28th. Finally, TD Securities initiated coverage on Comcast Corporation in a research report on Thursday, July 13th. They set a “buy” rating and a $51.00 price target on the stock.
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Comcast Corporation (CMCSA) traded down 1.19% during trading on Tuesday, reaching $41.40. 5,497,389 shares of the company were exchanged. The firm’s 50 day moving average price is $39.54 and its 200-day moving average price is $38.83. The stock has a market capitalization of $195.13 billion, a price-to-earnings ratio of 20.86 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion for the quarter, compared to the consensus estimate of $20.85 billion. Comcast Corporation had a net margin of 11.45% and a return on equity of 16.80%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, equities research analysts predict that Comcast Corporation will post $2.04 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s payout ratio is currently 31.74%.
In other Comcast Corporation news, SVP Daniel C. Murdock sold 3,659 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $39.61, for a total transaction of $144,932.99. Following the transaction, the senior vice president now directly owns 725 shares in the company, valued at $28,717.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth J. Bacon sold 7,500 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the transaction, the director now owns 26,812 shares in the company, valued at $1,085,886. The disclosure for this sale can be found here. 1.28% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Boston Partners raised its stake in Comcast Corporation by 140.7% in the first quarter. Boston Partners now owns 16,659,589 shares of the cable giant’s stock worth $626,233,000 after buying an additional 9,739,468 shares during the period. Haverford Trust Co. raised its stake in Comcast Corporation by 117.5% in the first quarter. Haverford Trust Co. now owns 3,301,780 shares of the cable giant’s stock worth $124,114,000 after buying an additional 1,783,436 shares during the period. First Citizens Bank & Trust Co. raised its stake in Comcast Corporation by 77.1% in the first quarter. First Citizens Bank & Trust Co. now owns 170,680 shares of the cable giant’s stock worth $6,416,000 after buying an additional 74,290 shares during the period. Whittier Trust Co. raised its stake in Comcast Corporation by 101.7% in the first quarter. Whittier Trust Co. now owns 288,578 shares of the cable giant’s stock worth $10,847,000 after buying an additional 145,515 shares during the period. Finally, Gabelli Funds LLC raised its stake in Comcast Corporation by 111.0% in the first quarter. Gabelli Funds LLC now owns 1,810,200 shares of the cable giant’s stock worth $68,045,000 after buying an additional 952,100 shares during the period. 82.87% of the stock is owned by hedge funds and other institutional investors.
About Comcast Corporation
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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