Comcast (NASDAQ:CMCSA) was downgraded by equities research analysts at Instinet from a “buy” rating to a “neutral” rating in a report issued on Thursday.

CMCSA has been the topic of several other research reports. TD Securities cut shares of Comcast from an “action list buy” rating to a “buy” rating and raised their target price for the company from $42.60 to $51.00 in a research note on Friday, January 12th. Morgan Stanley raised their target price on shares of Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Evercore ISI reissued an “outperform” rating and set a $48.00 target price (up previously from $44.00) on shares of Comcast in a research note on Tuesday, January 9th. Buckingham Research raised their target price on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Pivotal Research reissued a “buy” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-five have issued a buy rating to the company. Comcast presently has an average rating of “Buy” and an average price target of $46.44.

Shares of Comcast (NASDAQ:CMCSA) traded up $0.02 during trading hours on Thursday, hitting $41.71. 3,599,482 shares of the company’s stock were exchanged, compared to its average volume of 19,878,855. The firm has a market capitalization of $193,630.00, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. Comcast has a 52 week low of $34.78 and a 52 week high of $42.71. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion for the quarter, compared to analysts’ expectations of $21.05 billion. During the same quarter last year, the company earned $0.92 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. sell-side analysts predict that Comcast will post 2.05 earnings per share for the current fiscal year.

In other Comcast news, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the transaction, the executive vice president now directly owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the completion of the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at $66,195,228.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 593,402 shares of company stock valued at $22,961,401. Corporate insiders own 1.28% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Connecticut Wealth Management LLC boosted its holdings in shares of Comcast by 0.4% during the second quarter. Connecticut Wealth Management LLC now owns 6,602 shares of the cable giant’s stock worth $256,000 after purchasing an additional 24 shares during the period. Financial Consulate Inc. boosted its holdings in shares of Comcast by 0.5% during the second quarter. Financial Consulate Inc. now owns 6,400 shares of the cable giant’s stock worth $249,000 after purchasing an additional 30 shares during the period. Clarius Group LLC boosted its holdings in shares of Comcast by 0.4% during the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock worth $313,000 after purchasing an additional 32 shares during the period. GM Advisory Group Inc. boosted its holdings in shares of Comcast by 0.9% during the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock worth $217,000 after purchasing an additional 48 shares during the period. Finally, Peoples Bank OH boosted its holdings in shares of Comcast by 0.9% during the second quarter. Peoples Bank OH now owns 6,340 shares of the cable giant’s stock worth $247,000 after purchasing an additional 59 shares during the period. Institutional investors own 82.20% of the company’s stock.

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Comcast 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.

Analyst Recommendations for Comcast (NASDAQ:CMCSA)

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