Comcast Co. (CMCSA) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Comcast Co. (NASDAQ:CMCSA) have been given a consensus rating of “Buy” by the twenty-nine brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $47.74.

Several brokerages have recently issued reports on CMCSA. Guggenheim upped their price objective on Comcast from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, January 26th. SunTrust Banks increased their price target on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities increased their price target on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Bank of America increased their price target on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Wells Fargo & Co increased their price target on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, January 25th.

Comcast (CMCSA) traded down $0.37 during midday trading on Tuesday, hitting $38.84. 21,287,073 shares of the stock traded hands, compared to its average volume of 22,440,000. Comcast has a 12-month low of $34.78 and a 12-month high of $44.00. The stock has a market cap of $182,420.00, a price-to-earnings ratio of 8.12, a P/E/G ratio of 1.58 and a beta of 1.04. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Wednesday, January 24th. The cable giant reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The firm had revenue of $21.92 billion during the quarter, compared to analyst estimates of $21.83 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts forecast that Comcast will post 2.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. This is an increase from Comcast’s previous quarterly dividend of $0.16. Comcast’s dividend payout ratio (DPR) is presently 13.18%.

In other Comcast news, EVP Arthur R. Block sold 3,937 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $40.62, for a total value of $159,920.94. Following the completion of the sale, the executive vice president now owns 65,946 shares of the company’s stock, valued at $2,678,726.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Arthur R. Block sold 5,630 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now directly owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 784,158 shares of company stock worth $31,070,439. 1.28% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC bought a new position in shares of Comcast in the third quarter valued at approximately $104,000. Vigilant Capital Management LLC raised its stake in Comcast by 474.2% in the fourth quarter. Vigilant Capital Management LLC now owns 2,584 shares of the cable giant’s stock valued at $104,000 after purchasing an additional 2,134 shares in the last quarter. Clear Perspective Advisors LLC raised its stake in Comcast by 100.1% in the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock valued at $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Comcast in the second quarter valued at approximately $107,000. Finally, Tower View Investment Management & Research LLC purchased a new stake in Comcast in the fourth quarter valued at approximately $109,000. 82.15% of the stock is owned by institutional investors and hedge funds.

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About Comcast

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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