Comcast Corporation (CMCSA) Receives Average Rating of “Buy” from Analysts
Shares of Comcast Corporation (NASDAQ:CMCSA) have received an average recommendation of “Buy” from the twenty-six ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $45.83.
A number of brokerages recently commented on CMCSA. Moffett Nathanson cut Comcast Corporation from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Tuesday, June 20th. ValuEngine cut Comcast Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Robert W. Baird restated a “buy” rating and set a $43.00 price target on shares of Comcast Corporation in a report on Friday, September 1st. UBS AG restated an “overweight” rating on shares of Comcast Corporation in a report on Thursday, August 24th. Finally, Guggenheim upgraded Comcast Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $42.00 to $46.00 in a report on Thursday, August 3rd.
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Shares of Comcast Corporation (NASDAQ CMCSA) traded down 1.01% during trading on Friday, reaching $38.21. 53,868,234 shares of the company were exchanged. The stock has a market capitalization of $180.10 billion, a price-to-earnings ratio of 19.25 and a beta of 1.01. Comcast Corporation has a one year low of $30.02 and a one year high of $42.18. The company has a 50 day moving average price of $40.27 and a 200-day moving average price of $39.17. Comcast Corporation also was the target of some unusual options trading on Thursday. Investors purchased 17,896 put options on the stock. This is an increase of approximately 209% compared to the typical volume of 5,783 put options.
Comcast Corporation (NASDAQ:CMCSA) last posted its earnings results on Thursday, July 27th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. Comcast Corporation had a return on equity of 16.80% and a net margin of 11.45%. The company had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $20.85 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The company’s revenue was up 9.8% on a year-over-year basis. Equities analysts predict that Comcast Corporation will post $2.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, October 3rd. Comcast Corporation’s dividend payout ratio is presently 31.74%.
In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $39.61, for a total value 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 is available through this hyperlink. Insiders own 1.28% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC increased its stake in Comcast Corporation by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,680 shares of the cable giant’s stock worth $100,000 after acquiring an additional 1,340 shares during the last quarter. Clear Perspective Advisors LLC grew its stake in shares of Comcast Corporation by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after buying an additional 1,362 shares during the last quarter. First Bank & Trust grew its stake in shares of Comcast Corporation by 84.9% during the second quarter. First Bank & Trust now owns 2,836 shares of the cable giant’s stock valued at $111,000 after buying an additional 1,302 shares during the last quarter. Zions Bancorporation grew its stake in shares of Comcast Corporation by 16.8% during the first quarter. Zions Bancorporation now owns 2,845 shares of the cable giant’s stock valued at $106,000 after buying an additional 410 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Comcast Corporation during the first quarter valued at approximately $112,000. Institutional investors own 82.02% of the company’s stock.
Comcast Corporation Company Profile
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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