Comcast Corporation’s (CMCSA) Neutral Rating Reaffirmed at KeyCorp
Comcast Corporation (NASDAQ:CMCSA)‘s stock had its “neutral” rating reiterated by equities research analysts at KeyCorp in a research note issued on Sunday.
Several other equities research analysts have also commented on the stock. Instinet reiterated a “buy” rating and set a $46.00 price target on shares of Comcast Corporation in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Comcast Corporation in a research note on Wednesday, June 28th. ValuEngine upgraded shares of Comcast Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. TD Securities assumed coverage on shares of Comcast Corporation in a research note on Thursday, July 13th. They set a “buy” rating and a $51.00 price target on the stock. Finally, BidaskClub lowered shares of Comcast Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Comcast Corporation has a consensus rating of “Buy” and a consensus target price of $45.83.
Comcast Corporation (NASDAQ CMCSA) opened at 36.93 on Friday. The firm has a market capitalization of $174.06 billion, a P/E ratio of 18.60 and a beta of 1.01. The company has a 50 day moving average price of $40.00 and a 200 day moving average price of $39.17. Comcast Corporation has a 52-week low of $30.02 and a 52-week high of $42.18.
Comcast Corporation (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 27th. The cable giant reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $21.17 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. On average, equities analysts forecast that Comcast Corporation will post $2.04 EPS for the current fiscal year.
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In other news, SVP Daniel C. Murdock sold 3,659 shares of the business’s stock in a transaction dated 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 SEC, which is available at this hyperlink. Insiders own 1.28% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Comcast Corporation by 2.8% during the second quarter. Vanguard Group Inc. now owns 316,845,966 shares of the cable giant’s stock worth $12,331,646,000 after buying an additional 8,677,771 shares in the last quarter. State Street Corp boosted its holdings in Comcast Corporation by 97.6% during the first quarter. State Street Corp now owns 199,519,367 shares of the cable giant’s stock worth $7,499,933,000 after buying an additional 98,570,377 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Comcast Corporation by 97.6% during the first quarter. Clearbridge Investments LLC now owns 97,454,749 shares of the cable giant’s stock worth $3,663,324,000 after buying an additional 48,147,456 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Comcast Corporation by 95.7% during the first quarter. Ameriprise Financial Inc. now owns 59,716,372 shares of the cable giant’s stock worth $2,244,768,000 after buying an additional 29,199,805 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Comcast Corporation by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 57,003,759 shares of the cable giant’s stock worth $2,218,587,000 after buying an additional 680,012 shares in the last quarter. 82.02% of the stock is currently owned by hedge funds and other institutional investors.
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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