Comcast’s (CMCSA) Neutral Rating Reaffirmed at Instinet
Comcast (NASDAQ:CMCSA)‘s stock had its “neutral” rating reiterated by stock analysts at Instinet in a note issued to investors on Thursday.
Several other research analysts have also recently issued reports on CMCSA. Robert W. Baird reissued an “outperform” rating on shares of Comcast in a report on Wednesday, September 20th. Morgan Stanley reissued an “overweight” rating and set a $44.00 target price on shares of Comcast in a report on Thursday, September 21st. KeyCorp reissued a “hold” rating on shares of Comcast in a report on Tuesday, October 17th. Moffett Nathanson restated a “buy” rating on shares of Comcast in a research report on Monday, October 16th. Finally, Royal Bank of Canada restated a “buy” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.15.
Comcast (NASDAQ:CMCSA) opened at $41.68 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. Comcast has a fifty-two week low of $34.78 and a fifty-two week high of $42.71. The stock has a market cap of $195,457.11, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.83 and a beta of 1.00.
In other news, Chairman Brian L. Roberts sold 583,835 shares of Comcast stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $38.67, for a total value of $22,576,899.45. Following the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Arthur R. Block sold 3,937 shares of Comcast stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total transaction of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares in the company, valued at approximately $2,678,726.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 593,402 shares of company stock worth $22,961,401. Company insiders own 1.28% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tortoise Investment Management LLC raised its stake in shares of Comcast by 0.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 2,244 shares of the cable giant’s stock valued at $146,000 after acquiring an additional 13 shares during the period. Kistler Tiffany Companies LLC raised its stake in shares of Comcast by 0.3% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 4,956 shares of the cable giant’s stock valued at $329,000 after acquiring an additional 17 shares during the period. Connecticut Wealth Management LLC raised its stake in shares of Comcast by 0.4% in the 2nd quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock valued at $256,000 after acquiring an additional 24 shares during the period. Horizon Kinetics LLC raised its stake in shares of Comcast by 0.3% in the 4th quarter. Horizon Kinetics LLC now owns 8,135 shares of the cable giant’s stock valued at $562,000 after acquiring an additional 26 shares during the period. Finally, Financial Consulate Inc. raised its stake in shares of Comcast by 0.5% in the 2nd quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock valued at $249,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 82.20% of the company’s stock.
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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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